OTIS - Otis: Expected To Thrive In The New Normal Of Government-Mandated Infrastructure Programs

• Otis is the world's leading elevator and escalator manufacturing, installation and service company. More than 50% of sales come from recurring sources.
• At $74, the shares are still quite expensive, but the valuation premium compared to its competitors is justified given the company's market-leading position and lower exposure to China.
• The risk of a recession is elevated, but I believe Otis will thrive in the new normal of government-mandated infrastructure programs.
• The article goes into detail about Otis' business model and key risks, and provides a comparison with industry competitors Kone Oyj and Schindler Holding.

For further details see: