Otis Worldwide Enjoys A Flywheel Business Model, Strong Recurring Revenue Base, And High Barriers To Entry [Seeking Alpha]
Otis Worldwide Corporation (OTIS)
Company Research
Source: Seeking Alpha
SummaryOtis Worldwide, spun off from from the new Raytheon Technologies, began trading as a standalone company on April 3rd and is a rare pure play on the vertical transportation market.Otis has an attractive flywheel business model in which its complementary business segments drive sales for each other.Otis operates in a business with increasing regulatory requirements along with a limited amount of available skilled labor, creating high barriers to entry for new competitors.Large service base of over 2 million units give Otis a large, recurring base of revenue that also insulates it from headwinds to global construction.High level of geographic diversification gives Otis strong leverage to global urbanization.With all of the chaos and volatility in the markets over the past few weeks, some investors may have overlooked a 'new' company that began trading on Friday, April 3rd. However, this was not a hot new SAAS company or cloud company that IPO'd, it was Otis Worldwide (NYSE:OTISRTX
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OTIS
News
- Alexander MacDonald's Top Picks for November 14, 2024 [BNN Bloomberg (Canada)]BNN Bloomberg
- Otis Worldwide Co. (NYSE: OTIS) is now covered by analysts at UBS Group AG. They set a "neutral" rating and a $113.00 price target on the stock.MarketBeat
- Students to Develop Urban Mobility Solutions Using AIPR Newswire
- Should You Buy Otis Worldwide Corporation (NYSE:OTIS) For Its Upcoming Dividend? [Yahoo! Finance]Yahoo! Finance
- Smart Elevator Market to Reach US$ 32.58 Billion by 2032 Driven by Rising Demand for Energy-efficient and Eco-Friendly Building Solutions | Research by S&S Insider [Yahoo! Finance]Yahoo! Finance
OTIS
Earnings
- 10/30/24 - Miss
OTIS
Sec Filings
- 11/20/24 - Form CERT
- 11/19/24 - Form 8-A12B
- 11/19/24 - Form 8-K
- OTIS's page on the SEC website