Watsco 's (NYSE: WSO) stock has had an incredible run. Since 1992, this parts supplier's stock has averaged 21% total returns , including stock price appreciation and dividends, annually .
According to Watsco, only 29 publicly traded stocks have averaged 20%-plus total returns annually for at least three decades (as of the end of 2021). Other, more attention-grabbing names on the list include Apple, Oracle , Lowe's , and UnitedHealth Group . Fortunately for Watsco shareholders, there is no correlation between headlines and returns.
The company has quietly amassed high returns by consistently executing in a relatively boring industry. While past performance is no indication of future returns, there are several reasons to think Watsco can continue to perform well going forward.
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This Stock Has Averaged 21% Annual Gains Since 1992. Is Now the Time to Buy?