PRM - Ensemble Capital - Perimeter Solutions: Doing Truly Difficult And Important Things Really Well

2024-04-20 08:45:00 ET

Summary

• Given the small cap status, and the relatively thin trading liquidity of Perimeter, we have offered very little in the way of comments on this company.
• But we thought recent developments, and the jump in the stock price, was worth commenting on to a limited degree.
• We think that in the years ahead Perimeter will engage in a number of acquisitions that will drive significant increases in the intrinsic value of the business.

The following segment was excerpted from this fund letter.

Perimeter Solutions ( PRM )

In fact, our best performing stock this quarter is the anthesis of a mega cap tech stock. Perimeter Solutions, a $1 billion market cap company that sells fire retardant to fight forest fires, was up 61%. Given the small cap status, and the relatively thin trading liquidity of Perimeter, we have offered very little in the way of comments on this company. But we thought recent developments, and the jump in the stock price, was worth commenting on to a limited degree....

For further details see: