Advanced Drainage Systems: A Good Long-Term Growth Story, But Valuations Out Of My Range

Group 1 - Advanced Drainage Systems (NYSE: WMS) presents a conflicting investment case with short-term challenges and a robust long-term growth narrative [1] - Recent results appear decent but are primarily driven by acquisitions [1] Group 2 - The company operates in sectors such as chemicals, homebuilders, building materials, industrials, and metals & mining [1] - The investment strategy focuses on undervalued stocks with near-term catalysts, with an investment horizon ranging from one quarter to two years [1]