Recs

0
Player Avatar civilrights (< 20) Submitted: 6/26/2013 1:05:33 AM : Outperform Start Price: $0.00 IR Score: 0

IR is a diversified industrial with a portfolio biased towards climate control (Trane Commercial and Trane Residential HVAC Systems). In addition, the portfolio contains the Thermo King transport refrigeration products company. The residential HVAC business will see explosive growth as the US housing market recovers. In addition, its huge installed based of HVAC systems will augment the bottom line with high margin aftermarket and service revenues. Trane commercial is a global leader and will benefit from renewed investments in commercial construction and the need for more energy efficient and green systems. Thermo King is the Cadillac of transport refrigeration systems. It historically has been the most profitable product line for IR and will benefit greatly from any recovery in Europe. TK is a reliable positive cash generator. Finally, IR has fairly good management but a truly outstanding CFO who has managed debt in a way that maximizes shareholder value. The company is a consistent performer and is undervalued. The stock should be $60 by year-end 2013.

Featured Broker Partners


Advertisement