tuachanwatthana/iStock via Getty Images Investment Thesis Mueller Water (NYSE:MWA) is a high-quality water infrastructure company with strong moats. The company has invested heavily in modernizing its facilities, which has led to temporary manufacturing issues and lower margins. EBITDA Margins were 20% before the initiatives and are now 15%. As these operational issues are resolved, margins should return to their pre-investment levels of approximately 20%, if not higher. The departure of the CEO and the app ...