This Little-Known Stock Is Benefitting From Unstoppable Trends -- Is It a Buy?
Operating in an industry that we all benefit from but never give much thought to, Watsco (NYSE: WSO) is a leader in heating, ventilation, air conditioning, and refrigeration (HVAC/R). While this may not be the most exciting corner of the stock market, sometimes businesses that support the essentials of modern life make outstanding investment opportunities.
Over the course of its history as a public company, Watsco has been a massive winner, with its total return up more than 39,000% since its IPO. To put that in perspective, a $10,000 investment in 1963 would now be worth $3.9 million. Yet what's important to investors today is whether Watsco makes a good investment moving forward. I'd argue it does, so let's dig in to see why.
Since the pandemic began in 2020, Watsco has seen above-average demand for the products it distributes. Consumers with money to spend, as well as more time spent in their homes, spent on upgrading their HVAC units, benefiting Watsco.
Source Fool.com
