KYB and KYC: Every stock has a business behind it

Most of us start our journey in the stock market with the stock price. But when you buy a share, you are buying a business. And not all businesses are alike. One lives at the mercy of the Strait of Hormuz; another does not notice it. In this new series we take a look at companies to see what actually drives them. Today, we look at a company whose glue you have certainly used, but whose economics you have almost certainly never examined. Here is what the business really looks like.