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The Company is a provider of infection prevention and surgical products and services, focused primarily on the critical markets of healthcare, pharmaceutical and research.
Working at a drug manufacturing division at a small biotech company, we use a lot of Steris products. We go through about 10 bottles of IPA a day, not to mention what the other sectors of the business use. They also make SporKlenz, Vesphene, and LpH, great disinfects and basically the standards for clean room use. I know this isn't based on numbers but the products have a good following by their customers, and we will probably never switch brands. We just reoder Steris products without even checking out the competition. They have good pricing power and the demand for their products is growing each year as the business in general increases. The stock is priced 24 times earnings which is a bit much for a classic defensive Graham investor but I understand this company well and I think they have great future earning potential. The value of the shares is 1.7B and I see this as a bargain.
"We go through about 10 bottles of IPA a day..."Hmm?Isn't IPA a type of hoppy beer?Have fun at work.
Great looking charts but overpriced. Watch list for now.
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