RPM International: Waiting For Commercial And Consumer Market Recovery

Company Overview - RPM International is a diversified coating company specializing in construction sealants and adhesives, performance coating, and rust-preventative and industrial coating [1] Investment Thesis - The construction and consumer coating businesses of RPM are expected to accelerate as the economy normalizes [1] - A 'Buy' rating is initiated for RPM with a one-year target [1] Investment Strategy - The investment approach is fundamental, bottom-up, long-term, and quality growth-oriented, focusing on companies in niche markets with strong growth potential [1] - The portfolio typically consists of 15-20 stocks, emphasizing diversification, risk management, macro-driven sector weights, and disciplined trading and valuations [1] - The target is to achieve a 15% annual return in the portfolio [1]