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Investment Thesis
Badger Meter (NYSE:BMI) has seen massive growth over the past decade. Revenues are up 71%, and free cash flow has grown from $31m to $67m.
The market seems to have recognized that strength
Badger Meter: Cash Flow From Making Water Flow
Summary
- Badger Meter enables local utilities to manage, monitor, and maintain water infrastructure through metering/pump solutions and software packages.
- Badger Meter wins by maintaining high ROIC, shifting to software, and benefiting from secular tailwinds in water consumption.
- Revenues are up 60% over the decade, but the stock is up over 400%. Is it too late to buy?
Hi! My name is Allen; I'm an MBA graduate and an avid hobbyist investor. I started investing when I turned 18 and have been investing for over 10 years. One small idea of turning a few hundred dollars in my checking account into something more spurred a decade of continuous learning and growth. I share my research here on Seeking Alpha as I dive into various companies, both small and large, with deep value and high growth. I consider myself a quality investor, looking to identify companies with endurable competitive advantages which I then dollar cost average into over time. Some of my favorite investors of all time include Warren Buffet, Chuck Akre, Terry Smith, Mark Leonard, and Chris Mayer. In my free time, you will likely find me playing sand volleyball, boating, or golfing.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of BMI, AAPL, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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