LII - Carrier: The Spin-Off That Is The Trade Of A Lifetime
Through Greenblatt’s Magic Formula and my interest in Otis (OTIS), I stumbled across Carrier Global (CARR), a company that has recently spun-off from United Technologies (UTX) or UTC, which is currently known as Raytheon Technologies (RTX). I won’t beat around the bush and go ahead to say that the opportunity presented by Carrier today is extraordinary. While the company is a market leader, it is extremely cheap compared to its competitors and the stock market is catching up as you are reading this.
In this article, I