Does anyone have $OTISstock in their portfolio too ?
I was quite intrigued by this elevator and escalator manufacturer earlier this summer, so I bought in and so far I'm +10% on this position. The stock has been steadily rising, but admittedly the valuation is quite high and the stock is not cheap.
The question is whether this business is sustainable and whether their stock will rise as it has been, as elevators are almost everywhere and it seems to me that such a company should rather decline.
The stock is steadily rising, which would be good for my portfolio, but the valuation is really high, so I'll wait a while to buy.
Quite an interesting business and not exactly a traditional business, but unfortunately the price is high.
I don't have shares, but I like the business. They have a nice dividend and they're on top. Super stock for those who already hold😁