KarmokDab
03-16-2016,
Posts: 89
I am very intrigued by this company. Its such a simple product: An all purpose lubrication spray.
And for the life of me I cannot think of ANY other competitors. None.
As for pricing power, I don't even know how much a can of WD-40 costs. But if it was 5 bucks for a can, I probably wouldn't even blink or even notice if they increased the price of a can to 6 dollars.
If I was working on like a motorcycle engine or whatever, It'd be pretty dense of me to try to save myself 50 cents or a dollar on an off-brand when the engine i'm working on is worth hundreds, if not thousands of dollars.
So far it seems pretty fairly priced, if not a little bit overpriced. I'm slogging through the annual report as we speak. So far, it passes my qualitative mental checklist. Its an easy business to understand and has a ridiculous moat. its also not that big of a company (I like to reason that small caps have more room to grow than large caps?)
I am very intrigued by this company. Its such a simple product: An all purpose lubrication spray.
And for the life of me I cannot think of ANY other competitors. None.
As for pricing power, I don't even know how much a can of WD-40 costs. But if it was 5 bucks for a can, I probably wouldn't even blink or even notice if they increased the price of a can to 6 dollars.
If I was working on like a motorcycle engine or whatever, It'd be pretty dense of me to try to save myself 50 cents or a dollar on an off-brand when the engine i'm working on is worth hundreds, if not thousands of dollars.
So far it seems pretty fairly priced, if not a little bit overpriced. I'm slogging through the annual report as we speak. So far, it passes my qualitative mental checklist. Its an easy business to understand and has a ridiculous moat. its also not that big of a company (I like to reason that small caps have more room to grow than large caps?)