RPM, Inc. (RPOW) Message Board

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Non-Tech : RPM, Inc. (RPOW)

RPM 108.36

-2.9%

3:59 PM EDT

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To: Lance Bredvold who wrote (48)	10/4/2023 11:49:25 AM
From: Lance Bredvold	of 50

Well, it got down to $43 but a year later and we all remember what was happening in 2020. I guess I was busy buying something else at the time. Did not get back into more RPM until 2022 after giving away some high capital gain shares with several purchases around $80. Today that looks wise and has for the past quarter as they had a hopeful last quarter of the FY23. I should have been suggesting RPM on the value board in early 23 when one could still buy it at $80. Nepotism may have paid off in this unusual case as the CEO is the son of the previous long lasting CEO and seems to be another straight shooter. Today they reported excellent EPS and I expect they'll be upbeat but honest about their near term prospects. I intend to sell a small portion in tax advantaged accounts at about $108 which will give me over 20% returns on all the shares I bought in 2022 and 23. BUT--- my shares from 2001 show only a 7.5% plus about 3% dividend return. They had to fight their way out of some asbestos claims back then but overall that seems to be about what they gain in normal growth. Not bad--but not huge either. Originally they were Republic Powdered Metals out of Cleveland. Today they exceed EPS for the past 4 quarters of $4. They are also up to near $100 which is a pretty high PE for a manufacturing company in my opinion. I'll buy again if the price gets down to $90 and it was not too far above that yesterday going into earnings this morning. But really I'd only be comfortable buying at $80 or so as we may well be going into recession.

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