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Sydnee Gatewood
Sydnee Gatewood
Articles (2960) 

Mairs and Power Comments on Graco

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October 20, 2020 | About:
Minnesota-based Graco (NYSE:GGG) has been a Fund holding since 2001. The company, which holds a dominant position in the commercial paint spraying industry, is experiencing good demand during the current residential real estate boom. Graco's management team also has done an exceptional job managing costs through the overall economic downturn. It seems likely people will continue to migrate out of city centers and into the suburbs for a long time following this lockdown experience, so demand for Graco products should hold up well along with housing demand.

From Mairs and Power (Trades, Portfolio) Growth Fund's third-quarter 2020 shareholder letter.

About the author:

Sydnee Gatewood
I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg

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