Intrinsic value of Watsco - WSO

Previous Close

$185.73

  Intrinsic Value

$91.08

stock screener

  Rating & Target

str. sell

-51%

Previous close

$185.73

 
Intrinsic value

$91.08

 
Up/down potential

-51%

 
Rating

str. sell

We calculate the intrinsic value of WSO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.90
  3.11
  3.30
  3.47
  3.62
  3.76
  3.88
  4.00
  4.10
  4.19
  4.27
  4.34
  4.41
  4.47
  4.52
  4.57
  4.61
  4.65
  4.68
  4.72
  4.74
  4.77
  4.79
  4.81
  4.83
  4.85
  4.86
  4.88
  4.89
  4.90
Revenue, $m
  4,468
  4,607
  4,759
  4,924
  5,102
  5,294
  5,500
  5,720
  5,954
  6,203
  6,468
  6,749
  7,046
  7,361
  7,693
  8,045
  8,416
  8,807
  9,220
  9,654
  10,112
  10,595
  11,103
  11,637
  12,199
  12,791
  13,413
  14,067
  14,755
  15,479
Variable operating expenses, $m
  4,100
  4,226
  4,363
  4,513
  4,674
  4,848
  5,034
  5,233
  5,445
  5,671
  5,856
  6,111
  6,380
  6,665
  6,966
  7,284
  7,620
  7,974
  8,348
  8,742
  9,156
  9,593
  10,053
  10,537
  11,046
  11,582
  12,145
  12,738
  13,361
  14,015
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  4,100
  4,226
  4,363
  4,513
  4,674
  4,848
  5,034
  5,233
  5,445
  5,671
  5,856
  6,111
  6,380
  6,665
  6,966
  7,284
  7,620
  7,974
  8,348
  8,742
  9,156
  9,593
  10,053
  10,537
  11,046
  11,582
  12,145
  12,738
  13,361
  14,015
Operating income, $m
  368
  381
  395
  411
  428
  446
  465
  486
  508
  532
  611
  638
  666
  696
  727
  760
  796
  833
  872
  913
  956
  1,002
  1,050
  1,100
  1,153
  1,209
  1,268
  1,330
  1,395
  1,463
EBITDA, $m
  488
  503
  519
  537
  557
  578
  600
  624
  650
  677
  706
  736
  769
  803
  840
  878
  918
  961
  1,006
  1,054
  1,104
  1,156
  1,212
  1,270
  1,331
  1,396
  1,464
  1,535
  1,610
  1,689
Interest expense (income), $m
  3
  1
  2
  3
  4
  5
  6
  7
  8
  10
  11
  13
  14
  16
  18
  20
  22
  24
  26
  29
  31
  34
  37
  40
  43
  46
  50
  53
  57
  61
  65
Earnings before tax, $m
  367
  379
  393
  407
  423
  440
  458
  478
  499
  521
  599
  624
  650
  678
  707
  739
  772
  806
  843
  881
  922
  965
  1,010
  1,057
  1,107
  1,160
  1,215
  1,273
  1,334
  1,398
Tax expense, $m
  99
  102
  106
  110
  114
  119
  124
  129
  135
  141
  162
  168
  176
  183
  191
  199
  208
  218
  228
  238
  249
  260
  273
  285
  299
  313
  328
  344
  360
  377
Net income, $m
  268
  277
  287
  297
  309
  321
  335
  349
  364
  380
  437
  455
  475
  495
  516
  539
  563
  589
  615
  643
  673
  704
  737
  772
  808
  846
  887
  929
  974
  1,020

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,107
  2,172
  2,244
  2,322
  2,406
  2,496
  2,593
  2,697
  2,807
  2,925
  3,049
  3,182
  3,322
  3,470
  3,627
  3,793
  3,968
  4,152
  4,347
  4,552
  4,768
  4,995
  5,235
  5,487
  5,752
  6,031
  6,324
  6,632
  6,957
  7,298
Adjusted assets (=assets-cash), $m
  2,107
  2,172
  2,244
  2,322
  2,406
  2,496
  2,593
  2,697
  2,807
  2,925
  3,049
  3,182
  3,322
  3,470
  3,627
  3,793
  3,968
  4,152
  4,347
  4,552
  4,768
  4,995
  5,235
  5,487
  5,752
  6,031
  6,324
  6,632
  6,957
  7,298
Revenue / Adjusted assets
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
  2.121
Average production assets, $m
  652
  673
  695
  719
  745
  773
  803
  835
  869
  906
  944
  985
  1,029
  1,075
  1,123
  1,175
  1,229
  1,286
  1,346
  1,410
  1,476
  1,547
  1,621
  1,699
  1,781
  1,867
  1,958
  2,054
  2,154
  2,260
Working capital, $m
  545
  562
  581
  601
  622
  646
  671
  698
  726
  757
  789
  823
  860
  898
  939
  981
  1,027
  1,074
  1,125
  1,178
  1,234
  1,293
  1,355
  1,420
  1,488
  1,561
  1,636
  1,716
  1,800
  1,888
Total debt, $m
  36
  52
  69
  88
  108
  130
  154
  179
  205
  234
  264
  296
  330
  366
  404
  444
  486
  531
  578
  628
  680
  735
  793
  854
  918
  986
  1,057
  1,131
  1,210
  1,292
Total liabilities, $m
  510
  526
  543
  562
  582
  604
  628
  653
  679
  708
  738
  770
  804
  840
  878
  918
  960
  1,005
  1,052
  1,102
  1,154
  1,209
  1,267
  1,328
  1,392
  1,459
  1,530
  1,605
  1,684
  1,766
Total equity, $m
  1,597
  1,646
  1,701
  1,760
  1,823
  1,892
  1,965
  2,044
  2,128
  2,217
  2,311
  2,412
  2,518
  2,631
  2,749
  2,875
  3,008
  3,147
  3,295
  3,450
  3,614
  3,786
  3,968
  4,159
  4,360
  4,571
  4,794
  5,027
  5,273
  5,532
Total liabilities and equity, $m
  2,107
  2,172
  2,244
  2,322
  2,405
  2,496
  2,593
  2,697
  2,807
  2,925
  3,049
  3,182
  3,322
  3,471
  3,627
  3,793
  3,968
  4,152
  4,347
  4,552
  4,768
  4,995
  5,235
  5,487
  5,752
  6,030
  6,324
  6,632
  6,957
  7,298
Debt-to-equity ratio
  0.020
  0.030
  0.040
  0.050
  0.060
  0.070
  0.080
  0.090
  0.100
  0.110
  0.110
  0.120
  0.130
  0.140
  0.150
  0.150
  0.160
  0.170
  0.180
  0.180
  0.190
  0.190
  0.200
  0.210
  0.210
  0.220
  0.220
  0.230
  0.230
  0.230
Adjusted equity ratio
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758
  0.758

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  268
  277
  287
  297
  309
  321
  335
  349
  364
  380
  437
  455
  475
  495
  516
  539
  563
  589
  615
  643
  673
  704
  737
  772
  808
  846
  887
  929
  974
  1,020
Depreciation, amort., depletion, $m
  120
  122
  124
  126
  129
  132
  135
  138
  141
  145
  94
  99
  103
  107
  112
  117
  123
  129
  135
  141
  148
  155
  162
  170
  178
  187
  196
  205
  215
  226
Funds from operations, $m
  387
  398
  411
  424
  438
  453
  469
  487
  505
  525
  532
  554
  577
  602
  629
  657
  686
  717
  750
  784
  821
  859
  899
  942
  986
  1,033
  1,083
  1,134
  1,189
  1,246
Change in working capital, $m
  15
  17
  19
  20
  22
  23
  25
  27
  29
  30
  32
  34
  36
  38
  41
  43
  45
  48
  50
  53
  56
  59
  62
  65
  69
  72
  76
  80
  84
  88
Cash from operations, $m
  372
  381
  392
  403
  416
  430
  444
  460
  477
  495
  499
  520
  541
  564
  588
  614
  641
  669
  700
  731
  765
  800
  837
  876
  918
  961
  1,007
  1,055
  1,105
  1,158
Maintenance CAPEX, $m
  -63
  -65
  -67
  -69
  -72
  -74
  -77
  -80
  -84
  -87
  -91
  -94
  -99
  -103
  -107
  -112
  -117
  -123
  -129
  -135
  -141
  -148
  -155
  -162
  -170
  -178
  -187
  -196
  -205
  -215
New CAPEX, $m
  -20
  -20
  -22
  -24
  -26
  -28
  -30
  -32
  -34
  -36
  -39
  -41
  -43
  -46
  -49
  -51
  -54
  -57
  -60
  -63
  -67
  -70
  -74
  -78
  -82
  -86
  -91
  -96
  -100
  -106
Cash from investing activities, $m
  -83
  -85
  -89
  -93
  -98
  -102
  -107
  -112
  -118
  -123
  -130
  -135
  -142
  -149
  -156
  -163
  -171
  -180
  -189
  -198
  -208
  -218
  -229
  -240
  -252
  -264
  -278
  -292
  -305
  -321
Free cash flow, $m
  288
  296
  303
  310
  318
  327
  337
  348
  359
  371
  370
  384
  399
  415
  432
  450
  469
  489
  511
  533
  557
  582
  608
  636
  666
  697
  729
  763
  799
  837
Issuance/(repayment) of debt, $m
  14
  16
  17
  19
  20
  22
  23
  25
  27
  28
  30
  32
  34
  36
  38
  40
  42
  45
  47
  50
  52
  55
  58
  61
  64
  67
  71
  75
  78
  83
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  14
  16
  17
  19
  20
  22
  23
  25
  27
  28
  30
  32
  34
  36
  38
  40
  42
  45
  47
  50
  52
  55
  58
  61
  64
  67
  71
  75
  78
  83
Total cash flow (excl. dividends), $m
  302
  312
  320
  329
  338
  349
  360
  373
  386
  400
  400
  416
  433
  451
  470
  490
  512
  534
  558
  583
  609
  637
  666
  697
  730
  764
  800
  838
  878
  920
Retained Cash Flow (-), $m
  -46
  -50
  -54
  -59
  -64
  -69
  -73
  -79
  -84
  -89
  -95
  -100
  -106
  -112
  -119
  -126
  -133
  -140
  -147
  -155
  -164
  -172
  -181
  -191
  -201
  -211
  -222
  -234
  -246
  -258
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  13
  13
  14
  14
  15
  15
  16
  16
  17
  18
  19
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
  35
  37
  38
  40
  42
  44
Cash available for distribution, $m
  257
  262
  266
  270
  275
  280
  287
  294
  302
  311
  306
  316
  327
  339
  351
  365
  379
  394
  410
  427
  446
  465
  485
  506
  529
  553
  578
  604
  632
  661
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  246
  240
  231
  222
  213
  204
  194
  184
  174
  163
  145
  135
  124
  114
  103
  93
  82
  73
  63
  54
  46
  39
  32
  26
  21
  16
  12
  9
  7
  5
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products. It distributes products consisting of equipment, including residential ducted and ductless air conditioners ranging from 1 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British Thermal Units, commercial air conditioning and heating equipment and systems ranging from 1.5 to 25 tons and other specialized equipment; parts, including replacement compressors and motors, and supplies, including ductwork, grills, registers, sheet metal, adhesives and other ancillary supplies. It also sells products to the refrigeration market.

FINANCIAL RATIOS  of  Watsco (WSO)

Valuation Ratios
P/E Ratio 42.5
Price to Sales 1.8
Price to Book 7.7
Price to Tangible Book
Price to Cash Flow 28
Price to Free Cash Flow 33.3
Growth Rates
Sales Growth Rate 2.6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 83.3%
Cap. Spend. - 3 Yr. Gr. Rate 24%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 23.5%
Total Debt to Equity 23.5%
Interest Coverage 115
Management Effectiveness
Return On Assets 10.1%
Ret/ On Assets - 3 Yr. Avg. 9.6%
Return On Total Capital 15%
Ret/ On T. Cap. - 3 Yr. Avg. 14.3%
Return On Equity 18.6%
Return On Equity - 3 Yr. Avg. 18.3%
Asset Turnover 2.3
Profitability Ratios
Gross Margin 24.5%
Gross Margin - 3 Yr. Avg. 24.4%
EBITDA Margin 8.6%
EBITDA Margin - 3 Yr. Avg. 8.5%
Operating Margin 8.2%
Oper. Margin - 3 Yr. Avg. 8%
Pre-Tax Margin 8.1%
Pre-Tax Margin - 3 Yr. Avg. 7.9%
Net Profit Margin 4.3%
Net Profit Margin - 3 Yr. Avg. 4.1%
Effective Tax Rate 31%
Eff/ Tax Rate - 3 Yr. Avg. 31%
Payout Ratio 69.9%

WSO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WSO stock intrinsic value calculation we used $4342 million for the last fiscal year's total revenue generated by Watsco. The default revenue input number comes from 2017 income statement of Watsco. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WSO stock valuation model: a) initial revenue growth rate of 2.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for WSO is calculated based on our internal credit rating of Watsco, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Watsco.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WSO stock the variable cost ratio is equal to 91.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for WSO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Watsco.

Corporate tax rate of 27% is the nominal tax rate for Watsco. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WSO stock is equal to 0.3%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WSO are equal to 14.6%.

Life of production assets of 10 years is the average useful life of capital assets used in Watsco operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WSO is equal to 12.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1551 million for Watsco - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 36 million for Watsco is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Watsco at the current share price and the inputted number of shares is $6.7 billion.

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COMPANY NEWS

▶ Watsco Declares $1.45 Quarterly Dividend   [Jul-02-18 07:30AM  GlobeNewswire]
▶ Does Watsco Incs (NYSE:WSO) PE Ratio Warrant A Sell?   [Jun-06-18 07:46PM  Simply Wall St.]
▶ Industrial Dividend Stocks Of The Month: Kennametal And More   [May-12-18 12:02PM  Simply Wall St.]
▶ Growth Picks Up as Watsco Enters the Hot Season   [Apr-24-18 10:32AM  Motley Fool]
▶ Watsco: 1Q Earnings Snapshot   [08:06AM  Associated Press]
▶ 3 Hot Mid-Caps to Buy Now According to Quant Billionaires   [Mar-26-18 09:32AM  Insider Monkey]
▶ Top Ranked Income Stocks to Buy for March 15th   [Mar-15-18 08:57AM  Zacks]
▶ Top Ranked Income Stocks to Buy for March 13th   [Mar-13-18 10:17AM  Zacks]
▶ Top Ranked Income Stocks to Buy for March 8th   [Mar-08-18 07:14AM  Zacks]
▶ Best Rated NYSE Industrial Dividend Stocks   [Mar-03-18 11:02AM  Simply Wall St.]
▶ A Look At The Fair Value Of Watsco Inc (NYSE:WSO)   [Feb-19-18 02:51PM  Simply Wall St.]
▶ Watsco Rewards Investors With Higher Dividends   [Feb-08-18 10:23AM  Motley Fool]
▶ Watsco posts 4Q profit   [08:30AM  Associated Press]
▶ Watsco misses Street 4Q forecasts   [08:13AM  Associated Press]
▶ Watsco, Inc. to Host Earnings Call   [07:45AM  ACCESSWIRE]
▶ Watsco Trying To Close In On Key Technical Measure   [03:00AM  Investor's Business Daily]
▶ Watsco Declares $1.25 Quarterly Dividend   [Jan-02-18 07:30AM  GlobeNewswire]
▶ When Should You Buy Watsco Inc (NYSE:WSO)?   [Dec-21-17 12:35PM  Simply Wall St.]
▶ Stocks With Rising Relative Strength: Watsco   [Dec-05-17 03:00AM  Investor's Business Daily]
▶ All You Need To Know About Watsco Incs (WSO) Financial Health   [Dec-01-17 03:20PM  Simply Wall St.]
▶ What is Behind Watsco Incs (WSO) Superior ROE?   [Nov-15-17 03:57PM  Simply Wall St.]
▶ Watsco posts 3Q profit   [08:53AM  Associated Press]
▶ Watsco misses Street 3Q forecasts   [07:43AM  Associated Press]
▶ Stocks Generating Improved Relative Strength: Watsco   [03:00AM  Investor's Business Daily]
▶ ETFs with exposure to Watsco, Inc. : October 11, 2017   [Oct-11-17 12:12PM  Capital Cube]
▶ Should You Sell Watsco Inc (WSO) At $161.07?   [Oct-02-17 11:42AM  Simply Wall St.]
▶ Watsco Declares $1.25 Quarterly Dividend   [07:30AM  GlobeNewswire]
▶ ETFs with exposure to Watsco, Inc. : September 27, 2017   [Sep-27-17 10:44AM  Capital Cube]
▶ Watsco, Inc. Value Analysis (NYSE:WSO) : August 8, 2017   [Aug-08-17 06:30PM  Capital Cube]
▶ Watsco posts 2Q profit   [Jul-25-17 04:57PM  Associated Press]
▶ Watsco beats 2Q profit forecasts   [04:57PM  Associated Press]
▶ Watsco Warms Up in a Hot Summer   [10:53AM  Motley Fool]
▶ Why Watsco (WSO) Stock Might be a Great Pick   [Jul-13-17 08:53AM  Zacks]
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