Otis Worldwide Corporation (OTIS): A Bull Case Theory

We came across a bullish thesis on Otis Worldwide Corporation on Bob’s Payment Stock’s Substack by Bob Hammel. In this article, we will summarize the bulls’ thesis on OTIS. Otis Worldwide Corporation's share was trading at $100.34 as of July 16^th. OTIS’s trailing and forward P/E were 26.27 and 24.69, respectively according to Yahoo Finance.

Otis Worldwide is positioned as a durable compounder in the vertical transportation market, with a business model anchored in its highly profitable and recurring service operations. While new equipment accounts for around 40% of revenue,...