Core & Main Completes Acquisition of Canada Waterworks for Canadian Expansion

Core Insights - Core & Main Inc. (NYSE:CNM) is expanding its operations in Canada by acquiring Canada Waterworks, enhancing its growth potential in the region [1][3] - The acquisition is seen as a strategic move to build the Core & Main platform in Canada, particularly in Ontario [2][3] - Canada Waterworks specializes in water, wastewater, and storm drainage distribution in southern Ontario, which aligns with Core & Main's service offerings [3] Company Overview - Core & Main distributes water, wastewater, storm drainage, and fire protection products and related services primarily in the US [3] - The acquisition of Canada Waterworks will allow Core & Main to maintain a local presence in Canada while leveraging its resources for growth [3] Market Position - The company is recognized as a promising stock under $100, indicating potential investment interest [1] - While Core & Main shows promise, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [4]