Stock Pitch: Carrier (CARR)
Leading HVAC & refrigeration company that I believe will grow faster than the market expects.
It’s been a while since I posted anything as I had an internship from October-December, but I’m back to sharing research I’ve been working on. I’m not committing to a posting schedule as I only want to share what I truly think are good ideas. I also have to prioritize earning a full-time job as I enter my last semester of college (If you have any leads I’d greatly appreciate it!)
This stock pitch is on Carrier (NYSE: CARR), a market leader in HVAC, refrigeration, and fire/security products. An audio recording will be attached with additional details about my thesis, and a concise write-up can be found below. One important item: CARR’s EPS, EBITDA, & EBIT benefitted in 2022 from recognizing gains on M&A transactions that are not recurring. This is why I’ve added adjusted EPS, and my pitch assumes EBIT/DA & EPS excluding these transactions to grow YoY in 2023.
Thank you for your time, I hope this was a value-add on your time and I’m more than happy to discuss additional details with those that are interested. I can be reached at realstratbeckeryt@gmail.com - sbecker@falcon.bentley.edu - or at StratBecker on Twitter.
Disclaimer: I hold no position in CARR at the time of writing or publication.