Chemed (CHE) is a holding company which is currently the home to two businesses, Roto-Rooter (plumbing services) and Vitas (hospice care). Its capital allocation is second to none. They have a history of engaging in large, transformative transactions, when it is in the best interest of shareholders. Since 2003, they’ve settled into growing Roto-Rooter (via organic growth and acquisitions) and Vitas (mostly via green fielding new locations); paying a
I read it. Nice write up. Not really a direct competitor; a bit complimentary. I’ve actually used the service when an oak tree route broke my water main. Why not re-list in the US?
Hey! Great writeup. One of my top positions is Water Intelligence (Roto Rooter's competitors from American Leak Detection). Any thoughts on them?
I leave you my writeup here just in case you're interested: https://oscar100.substack.com/p/water-intelligence-plc-watr
P.S: Do you have Twitter do that I can follow you?
No thoughts on them, but I'll take a look at your write up. @310value on twitter.
I read it. Nice write up. Not really a direct competitor; a bit complimentary. I’ve actually used the service when an oak tree route broke my water main. Why not re-list in the US?
They will relist it at some point but rn its not a priority