The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Joe Magyer and Jason Moser, discuss the top business and investing stories.
Sherwin-Williams announced Monday that it will be purchase Mexican paint manufacturer Comex for $2.3 billion. In this segment, the guys discuss why the strength of a company like Sherwin-Williams means it can afford such a deal, even though the company's own market cap is only around $15 billion itself, and why this is such a good move for a company already on the ascendency in recent years.
Chris Hill, Jason Moser, and Joe Magyer have no positions in the stocks mentioned above. The Motley Fool owns shares of Sherwin-Williams. Motley Fool newsletter services recommend Home Depot, Lowe's, and Sherwin-Williams. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.