I by no means stop to be amazed by the variety of publicly traded firms whose operations appear reasonably mundane however but generate market-crushing returns.
One of many many examples of this phenomenon is Oil-Dri from America (NYSE:ODC). Oil-Dri is a number one vertically built-in producer and distributor of absorbent minerals (clay) and associated merchandise.
Whereas no a part of that firm description jumps out to scream “market-beating potential,” Oil-Dri’s shares have tripled in simply the final two years. Since 2000, it has virtually tripled total returns of the S&P500 index, turning into a 16-bagger.
As promising as these previous returns have been, I feel Oil-Dri’s future might show even brighter. Here is what this little-known dividend-growth inventory does, and why it seems well-positioned to proceed beating the marketplace for many years.
Touchdown on Forbes’ record of “America’s Most Profitable Small Companies” two years in a row, Oil-Dri lastly seems to be getting some well-deserved consideration from the market. The corporate has been mining clay since 1963 and at present has services in six states in america, with reserves anticipated to final no less than one other 40 years.
Powered by these clay extraction websites, Oil-Dri serves the next markets:
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Animal care (55% of gross sales): Oil-Dri holds patents on a light-weight scoopable litter that it sells below the Cat’s Satisfaction, Jonny Cat and KatKit manufacturers. Nevertheless, following the acquisition of Extremely Pet in 2024, the corporate has entered the crystal litter area of interest, the superior efficiency of which is resulting in a fast improve in reputation amongst cat house owners.
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Fluid purification (21% of gross sales): Oil-Dri’s clay merchandise allow clients to course of vegetable oils, edible oils, jet gas and biodiesel. In addition they comprise adsorbents that take away metals for the renewed diesel market.
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Industrial and sporty (10% of gross sales): Should you’ve ever seen rocks on the ground of a mechanic’s store or in your grandfather’s storage, there is a good likelihood they’re water absorbents. granular clay from Oil-Dri, which management spills or leaks. On the identical time, the corporate’s clay helps with the drainage of sports activities fields and likewise helps construct mounds and batter’s containers on baseball fields.
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Agriculture and horticulture (8% of gross sales): Oil-Dri Agsorb and Verge granules assist nourish and shield crops and crops.
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Animal well being (6% of gross sales): The corporate’s Amlan Worldwide unit produces pure feed components that maintain animals wholesome and free from toxins.
Though Oil-Dri competes with many rivals in these markets, its vertically built-in operations give it a bonus. Moreover, many of the firm’s merchandise are repeat purchases and “staples” for the shoppers it serves, making its gross sales comparatively steady and sturdy for an industrial firm.
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