2024-04-24 16:23:33 ET
Summary
- Advanced Drainage Systems has experienced significant share price growth in the past year and over the past five years.
- It is expected to keep growing due to increasing demand, climate events, and pressure to reduce nitrogen output.
- The company is financially solid and has the resources to support its growth strategy.
Thesis
Advanced Drainage Systems, Inc. ( WMS ) has been a share price growth star for much of the past five years. It notched gains of 85.30% in the past year and 512.03% in the last five years.
Despite that, the share price still has room to grow because demand is growing as inflation eases, there are more severe and more frequent water-related climate events, and there is pressure on the millions of septic tank users to reduce their nitrogen output (for which the firm has a solution)....
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Advanced Drainage Rated A Buy For Potential Growth And Profitability