Chris McIntyre thinks Sotera is an incredible business at a good valuation $SHC

Chris McIntyre returns to the podcast to discuss Sotera Healthcare (SHC), why he thinks it's such a good business, and why he thinks the stock is still undervalued even after a big run in the wake of putting their legal liabilities (largely) behind them.

Chapters

• 0:00 Intro
• 2:15 Sotera Overview
• 5:30 What makes Sotera such a good business?
• 14:30 Why it's so unlikely a new competitor can enter the space
• 19:55 Discussing Sotera's "growth algorithm"
• 23:30 Sotera's multiple / valuation
• 32:00 Historical legal liabilities overview
• 38:45 The "science" behind the legal liabilities
• 43:15 SHC's settlement and putting the legal liabilities behind them
• 49:00 Why Georgia is not the same risk as Illinois was
• 53:35 Sotera's controlling shareholders and their plans for the company
• 56:00 M&A and roll up possibilities
• 1:00:45 Closing thoughts