July Stock Pick '24

Trying to get better at paying up for quality

This month’s pick is another step in my effort to push into quality even if the price doesn’t scream cheap. I wouldn’t go as far as to say it’s expensive but on a multiple basis, it isn’t cheap.

But as I survey my picks throughout my life I have lost more money trying to buy things I think are a “bargain” than stretching a little for a business I knew had a high-quality standard to it.

If you’re looking for a screaming buy trading at single-digit multiples this one isn’t for you.

However, if you are looking for a dependable name that has produced tremendous returns for shareholders and is the leader in market share in their industry, then this name might be for you.

Before we get into July’s pick though let’s check in on the track record for this year.

Not off to a hot start!

As always, I make these picks with a time frame of years and since the oldest one on here is 7 months, take all of the results, good and bad, with a grain of salt.

Alright, let’s get into July’s pick.

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