Dan Caplinger
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Appearances Over Time
Podcast Appearances
It may sound like a German company or something, but it's actually French.
And trading on the over-the-counter market instead of NYSE or Nasdaq, which leaves it out of the media circuit.
And a lot of people won't recognize it.
But if you walk into your local Lowe's or Home Depot or any other hardware store,
and wander into the electricians department, you will find that a good chunk of the electric gear there is made by Schneider Electric under the name Square D. It's like about one third of the brake panels and the electric switches you'll find in the local hardware store.
But it's not just for residential construction.
They also make power panels, switches, everything you need to get electricity from point A to point B in a data center.
And data center and sales are a major contributor to their growth in recent years.
So Square D, by the way, was an all-American company that Schneider bought in 1991, I believe, to get a foothold in the American market.
And they're still a major player today, thanks to that acquisition.
Sometimes these deals work out.
Most people won't know it as Schneider Electric, so they wouldn't know how to invest in it.
And there you go.
It's a fairly modestly valued stock, a little bit cheaper than Arch Rival Eaton.
And, you know, it's one of those things you have to look for.
You just won't stumble over it.
You have to go looking for it.
Yeah, there's a couple of things.
One is that co-founder, CEO Brian Chesky has done a great strategy where he is actually living in a different Airbnb property.
It's like on a weekly basis or every couple of weeks, something like that.