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Otis Worldwide: Resilient But Upside May Be Limited

Felix Fung profile picture
Felix Fung


  • Otis Worldwide has rallied over 30% from its 52-week low.
  • The company's business is very resilient as its service segment is non-discretionary for customers.
  • Its latest earnings were solid as the bottom line continues to grow despite facing a tough economy.
  • The current valuation looks stretched and the upside should be limited.
  • I rate OTIS stock as a hold.

Modern elevator with metal doors. 3d rendering

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Investment Thesis

Otis Worldwide (NYSE:OTIS) has been holding up very well in the past year. Unlike the S&P 500 Index which dropped 6.1%, the company rose over 15% during the period. The company is a solid defensive holding as

This article was written by

Felix Fung profile picture
Individual investor with four-year experience. I focus on long-term investing opportunities around companies with high-quality fundamentals or compelling turnaround potential. Currently studying business and economics at the University of New South Wales. Appreciate any feedback and comments.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (1)

GDPPP profile picture
The market pays up for resiliency of the business along with durability. OTIS is one of those rare breed of stocks that is very likely to not only survive, but thrive and grow over the next 50 years (if not much longer than that).
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