not vested
MORE PROOF THAT 'SELLING THE BASICS' WORKS
Today, we're looking at a company leading a "boring" industry...
Longtime DailyWealth readers know that companies don't need to be "exciting" to make money. Companies that sell the basics often make for great investments.
Today, we take a look at another company succeeding with this business model...
We're talking about Ingersoll Rand (IR). The company sells, installs, and maintains heating, ventilation, and air conditioning ("HVAC") equipment.
This kind of equipment is a key part of any home. And Ingersoll Rand remains the go-to company for HVAC equipment...
In the most recent quarter, the firm reported net revenues of $4.4 billion, up 11% from the same quarter in 2017.
As you can see below, shares of IR are in an uptrend, recently hitting a fresh all-time high. Since then, IR is up more than 15%.
Source: Daily Wealth