Advanced Drainage Systems (WMS): A Bull Case Theory

We came across a bullish thesis on Advanced Drainage Systems on Margin of Sanity's Substack. As of 3ʳᵈ July, Advanced Drainage Systems's share was trading at $118.80. WMS's trailing and forward P/E were 20.62 and 16.92 respectively according to Yahoo Finance.

[caption id="attachment_1228332" align="aligncenter" width="768"] Aerial view of a busy water resource management facility, with a river running through it, dotted with homes.[/caption]

Advanced Drainage Systems (WMS) operates in a crucial yet often overlooked sector of the economy: water management infrastructure. The...