2024-03-07 01:34:53 ET
Summary
- Watsco Inc. is an industrial distribution giant in the HVAC/R industry, providing products and services in the commercial and residential market.
- The company focuses on recurring revenue business and avoids competition with HVAC producers by offering technical support, efficient delivery services, and convenient online platforms.
- Watsco has experienced rapid growth in a highly fragmented market, with impressive revenue and profitability improvements over the years.
Introduction
I just put a new stock on my watchlist. A company I thought about for months before I finally decided to cover it.
And guess what? It's an industrial company!
Given that I have roughly 50% industrial exposure, this may not come as a surprise......
Read the full article on Seeking Alpha
For further details see:
Watsco: A Fantastic Dividend Compounder I Just Put On My Watchlist