May 2024 Stock Pick

A boring business who supplies a critical home component with an A+ balance sheet and a shareholder friendly playbook. If you want excitement, this isn't for you.

This month’s pick is an effort to push myself into quality.

They are one of the largest manufacturers and distributors of a critical component in a home and derive 80-85% of their annual revenues from replacement. Their balance sheet is strong and they return a large majority of FCF to owners through dividends and buybacks.

The business is boring but the execution of a shareholder-friendly playbook is like few others. If I had to pick a coffee can stock, this would qualify.

As always here is how the picks from 2024 have faired so far:

The disclaimer that these picks are so new I won’t be taking results from them for a few years so I suggest you view them in the same lens.

Alright let’s get into my pick for May 2024

Please be advised, Wall St Gunslinger is not an investment adviser and does not give personal investment advice. All content is for educational and entertainment purposes only and should not be interpreted as anything other than such. Investing entails a lot of risks and should be managed appropriately. Please do your own research and consult with an investment professional before making any investing decisions. Thank you.