Sherwin-Williams (SHW): Is Its Pro-Painter Distribution Moat Underappreciated?

The Sherwin-Williams Company (NYSE:SHW) is usually called a paint company, but its real advantage is where it sells. It runs nearly 5,000 of its own stores built around the professional painter customer segment. At about $320 a share and $79 billion in value, it trades near 30 times earnings, roughly 15% below its high after […]