| Tennant has precedent for evolving with the times. In fact, Orbio equipment uses water power to clean up. The use of electrolysis and microbubbles of oxygen allow the company's products to clean with less water and no chemicals. Tennant discloses a lack of publicly available industry data to pinpoint its market share in the field. A quick Web search reveals companies like Denmark's Nilfisk-Advance (tag line: "green meets clean") and privately held Daimer, which boasts that it cleans up for clients like Dole, Hershey, and the White House. It boasts that its Orbio brand is "the leading innovator in sustainable technologies that clean, control, or kill harmful microorganisms without the use of traditional chemicals. Tennant also provides Green Machines for use in city centers and pedestrian areas. The Foolish bottom line Just because a company is not the biggest headline hog doesn't mean it's not a good investment. In another nice aside, they boast a nearly silent driving mode, reducing noise pollution. Why I'm buying Despite the environmentally friendly spirit described above, Tennant is a relatively "quiet" stock, bringing conservative, stable attributes to this portfolio. Furthermore, Tennant's a safe sleeper for this portfolio because it also pays a dividend; its trailing annual dividend yield was 1. The company doesn't just provide green cleaning equipment for its clients, it's also seeking to slash its own environmental footprint. These scrubbers aren't the kind you will use for your housecleaning. And now, the risks Just because I haven't mentioned direct competitors doesn't mean they aren't out there. Tennant's commitment to putting green cleaning machines on the market as well as to boosting its own internal sustainability gives it a place in this portfolio. |
Saturday, 10 March 2012
Tennant - Motley Fool
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