What is everyone's thoughts on $BMI at 16x LTM EBITDA currently? Share Px -51% LTM (-28% YTD). Seems like a great play on water, especially with accelerating water demand attributable to data centers. Performance appears at trough levels with a relatively flat FY26 and revenue growth re-accelerating to 8% in FY27. Trough levels w/ favorable multiple + steady grower + income + end-market tailwinds What am I missing? Anyone have thoughts? @Groundwork_HQ - I believe you have discussed it before. Are companies like $XYL $VLTO just that much better?

@CapstackCapital I did a podcast episode on them, bought in a little, got wiped out and now have it firmly on my watch list. They just got their largest award in Puerto Rico, should see H2 ‘26 with some reacceleratio. Definitely worth following.

@invest091 It’s been a name I have followed on n off for like 10 years now but am def going to have to dig in deeper! What’s the link to the podcast episode?

@CapstackCapital Very cool. Here’s the link (also did a Substack post on them): open.spotify.com/episode/3Phd7s…

@CapstackCapital @invest091 I think growth normalisation caught many people off guard. I was a big fan too...but after some research, I personally feel their SAM may not be that big.. $xyl and $vlto could be better bets imo