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I also had Watsco on my watchlist because the company is benefiting greatly from the growing HVAC market. In the end, though, I found Daikin more appealing because it allows me to invest more directly in a manufacturer that develops its own technology and products, has a broader global presence, and at the same time provides even better diversification for my portfolio outside the U.S.
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•I also had Trane $TT on my radar—it’s performing really well right now, especially in terms of margins and order intake. In the end, though, I went with Daikin because I liked the Japan/Asia exposure in my portfolio and the additional margin potential better.
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