I’m having trouble finding companies like this. I recently bought shares of McCormick (MKC) after they dipped on earnings. I’ve followed the stock for a while but it was always too expensive. It’s not cheap, but it feels reasonably valued. I’m also a long time shareholder in Berkshire Hathaway (BRK.B).
I’m looking for similar companies. I would love to buy WM or RSG but they’re both very overvalued. I’m considering Clorox (CLX), but looking for other stocks in that vein.
Ideally: Low beta, defensive, high quality, reasonable valuation (something like 12-18x forward earnings). I don’t want no growth staples trading with a Mag 7 valuation.
Would love to hear some ideas. Also, please no super small caps. $10B market cap is fine, but not looking for $200M market caps or anything like that.