Today’s Stock: Otis Worldwide Corporation (OTIS)Today’s Stock: Otis Worldwide Corporation (OTIS)

Otis Worldwide Corporation engages in manufacturing, installation, and servicing of elevators and escalators in the United States, China, and internationally

My Thoughts 💭My Thoughts 💭

I got wind of this stock by a medium writer who looked for great businesses that paid strong dividends. The fact the company is in the elevator and escalator business made me think they have a wide moat so I put it on a watch list. I never purchased shares.

At 99.7k sats per share ($90,453), and a 1.8k sats per share dividend payment, it will take 55 years to break even on this investment. Not sure it’s worth the Sats.

The company trades at a PE 26 which means investors are paying $26 to access $1 of profit. Not terribly expensive it’s a decent price for a company that is essential for vertical building.

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Very solid business. With the growth rate projected to be above 10% and it pays a dividend I understand why it’s a bit more expensive than value investors would like.

The volatility on this stock is none existent

I don’t think this stock is worth 100k sats. For a 1% dividend and bad balance sheet, it is better to just hold on to the sats.

I am amazed this CEO is making $40M+ million I would expect a little better balance sheet management.

Most of the float is owned by institutions thus I assume this is in a lot of pension funds and all kinds of packaged up financial products due to it’s stability and consistency in dividend payments.

Unless you are passionate about elevators why buy this for yield or growth when you can buy STRC for yield and Bitcoin for growth.

Removing this from the watchlist!