Investment Thesis
Chase Corp. (CCF) released its third-quarter earnings (ending May 31st) last week, showing resilient revenues in the face of COVID-19 pandemic and demonstrating the company's business robustness.
Chase Corp. has exposure to the infrastructure, telecom and utility industries, which are sectors positioned to benefit the most from any fiscal stimulus in the States and abroad. The management's success in implementing strategic initiatives, as revealed in increasing profit margins in Q3, demonstrates managerial prowess.
Despite strong earnings, favorable strategic position, and managerial success, the company seems slightly overvalued, thus weakening the bullish