Todd Wenning Discussing Ecolab on the Yet Another Value Podcast

KNA Capital President and CIO Todd Wenning recently appeared on the Yet Another Value Podcast, hosted by Andrew Walker.

During the episode, Todd shared KNA’s thesis on water, hygiene, and infection prevention solutions company, Ecolab (ECL). Among other topics, Todd discussed why Ecolab’s premium multiple is well deserved given its ability to consistently “beat the fade” - or the expectation that companies’ returns on invested capital will regress toward the market average. Todd argues that Ecolab’s culture and obsession with solving customer problems over its 101-year history are key reasons for its resilience.

Please enjoy the episode linked below.

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