Dave Sather, President of Sather Financial Group, will present his investment thesis on Axalta at Wide-Moat Investing Summit 2016, to be held online on June 28-29. Here’s a snapshot of the investment thesis:
AXALTA COATING SYSTEMS (NYSE: AXTA), formerly known as DuPont Performance Coatings, may not seem like a typical “wide moat” business. After all, it makes paint. However, in observing that Berkshire Hathaway repeatedly moved into the specialty chemicals arena, it got Dave Sather’s attention. Sather determined that paint is an oligopolistic market. There are about four major players. Axalta, which has been in existence for 150 years, commands a 19% to 25% market share depending upon the sector. Furthermore, now that Axalta is an independent company, management is highly motivated to quickly expand while incorporating necessary efficiencies.
Want to experience the in-depth presentation and ask the instructor questions about the company? Secure your seat.
Dave Sather is president of the Sather Financial Group, Inc, a “fee-only” financial planning and investment management firm which manages approximately $440 million in client assets. Dave was raised in El Paso, Texas and received his B.A. in Business Management from Texas Lutheran University and received his M.B.A. from Texas A&M University. He has spent the past twenty years in the financial analysis, investment and banking industries. Prior to starting Sather Financial, he worked for PaineWebber and served as the head of portfolio management for First Victoria National Bank’s Trust Department and oversaw the bank’s brokerage operations. Dave also serves as an adjunct professor in the Business program at Texas Lutheran University, is a member of the schools Executive Advisory Council and serves on the schools Investment Committee. Additionally, he is a director of Business Bank of Texas. He and his wife, Carol, live in Victoria, Texas.