Beat The Market With Advanced Drainage Systems?
Stocks may be circling the drain, but we’re headed straight to the sewers!
At least for today’s article.
Why?
Because we’re taking a look at Advanced Drainage Systems, Inc. ($WMS), a market-beating dividend growth stock that specializes in producing drain pipe and waste management products.
This is an essential, wide-moat business.
And one that trades at a reasonable valuation.
Here are the key details.
What Does Advanced Drainage Systems Do?
If you’ve ever visited a construction site, or walked around a subdivision, you’ve probably seen an Advanced Drainage Systems product.
Namely, the company’s big plastic pipes.
These are used to redirect the flow of excess water. Preventing erosion and flooding.
Advanced Drainage Systems also makes a lot of other essential (and in my opinion, pretty cool) devices. They produce geosynthetic erosion netting. Something that’s placed on the sides of hills and ditches, preventing…
