Badger Meter: Strong Visibility To Further Margin Expansion

Core Viewpoint - Badger Meter (NYSE: BMI) is recommended as a buy due to its transformation from a traditional metering company with cyclical earnings to one with a predictable recurring revenue stream [1] Group 1: Business Evolution - The company has evolved to focus on long-term investments while also incorporating short-term strategies to uncover alpha opportunities [1] - The investment approach emphasizes bottom-up analysis, assessing the fundamental strengths and weaknesses of individual companies [1] Group 2: Investment Strategy - The investment duration is medium to long-term, aiming to identify companies with solid fundamentals, sustainable competitive advantages, and growth potential [1]