Sherwin Williams (SHW)

[winston]

not vested

BIG GAINS FROM A TRIED-AND-TRUE BUSINESS MODEL

Today, we're checking in on a successful "boring" business...

Sherwin-Williams (SHW) is a $65 billion paint manufacturer. Selling paint may not make headlines, but it delivers solid results.

In the first six months of the year, Sherwin-Williams' sales only fell 1.9%, despite headwinds from the coronavirus. CEO John Morikis said the company had seen "unprecedented demand" from customers looking for do-it-yourself projects... driving a 21% gain in North American retail sales during the second quarter.

As you can see in today's chart, shares of SHW are ripping higher. The stock is up more than 80% from its March lows, and it recently hit a fresh all-time high. It's yet another example of the power of investing in "boring" businesses...

Source: Daily Wealth