Why This Under-the-Radar Stock Is a Buy
It's getting harder and harder to find good value stocks in the market, even if you have a relatively optimistic outlook on economic growth in 2021 and beyond. That said, if you are willing to consider some of the unfashionable names, you can still find some bargains. In this spirit, let's take a look at chemical distributor Univar Solutions (NYSE: UNVR). It might not be a stock on everybody's lips, but it is a good value that could offer significant returns for investors given the right conditions. Here's why.
The company is a leading player in the highly fragmented marketplace of chemicals distribution. The other two big names are Germany's Brenntag (OTC: BNTG.F) and another distributor from the Netherlands, IMCD. However, these three together account for less than 10% of the global market. Univar is the leading player in North America and generates 63% of its sales from the U.S. and a further 13% from Canada, while the Europe, Middle East, and Africa (EMEA) region contributes around 19% of revenue.
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Source Fool.com
