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Saturday, 02/11/2012 4:21:47 PM

Saturday, February 11, 2012 4:21:47 PM

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Watsco, Inc. (Watsco) is a distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry. Its business units include Baker Distributing Company, East Coast Metal Distributors, Gemaire Group, Carrier Enterprise LLC and ACDoctor.com. As of December 31, 2010, it operated from 505 locations in 36 states and Puerto Rico serving more than 50,000 contractors and dealers that service the replacement and new construction markets. The products Watsco distributes consist of equipment, including residential central air conditioners ranging from 1-1/2 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 1-1/2 to 25 tons, and other specialized equipment; parts, including replacement compressors, evaporator coils, motors and other component parts, and supplies, including thermostats.

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Never, invest with money you need to survive. Diversify, patience, set tight stops. $20 or less in commission fees is almost always cheaper than a 5-40%+ drop in share value.

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