1 Top Stock You've Never Heard of to Buy on the Dip
Air conditioner and replacement parts distributor Watsco (NYSE: WSO) has seen its shares falter along with the broader market this year. While most investors may have never heard of the company, its track record of growth and its defensive business model should put the stock on just about anyone's radar. But is it a buy right now?
Watsco is the largest air conditioner parts distributor in the U.S. If you haven't heard of the company before, that's understandable. Air conditioner replacement parts don't garner a ton of attention. But heat waves do. When your A/C goes out during the dog days of summer, you call your landlord or your local repair person as fast as your fingers can dial. The repair person will visit you, diagnose the problem, and order replacement parts or refrigerants from distributors like Watsco.
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Source Fool.com
