Monksdream
9 months ago
CARR from my The Average Joe eletter
This July is set to be the hottest month ever. In recent years, studies have shown that extreme heat can be dangerous, expensive and impacts nearly everyone.
In the US, heat kills more people than any other weather-related incidents, pressures power grids and threatens outages.
Over the past 50 years, the cost of extreme weather events has grown 77% โ estimated to cost countries 1.5-6.7% of their GDP annually.
For US consumers, home energy bills are expected to rise 11.7% this summer to an average of $578. Itโs also forcing small businesses to close during severe heatwaves.
How does extreme heat impact the economy?
1/ Lower productivity: The International Labour Organization predicted that companies will lose 2% of working hours by 2030 from unworkable conditions or slower working speeds.
2/ Redirect government spending: Extreme heat will impact the lifespan of roads, bridges and other public infrastructure โ requiring more frequent replacement.
3/ Increase labor-related costs: In 2021, a deadly heatwave struck British Columbia, leading to heat-related work injury compensation jumping 180% from the previous three-year average.
Better get used to it: Researchers warn that a hotter world will likely be the norm moving forward. But existing working conditions and practices were set in place for a cooler climate, and factories and warehouses havenโt been designed for the hot temperatures, per the Institution of Mechanical Engineersโ Laura Kent.
Crank up the air con
Itโs not just warmer temperatures keeping sales hot for the HVAC industry. Manufacturers have been expecting a sales boost thanks to the passing of last yearโs climate bill โ giving Americans tax breaks and rebates on energy-efficient cooling systems.
HVAC sellers and manufacturers have seen their returns far surpass the S&P 500โs in recent years:
Carrier Global Corp (NYSE:CARR) has risen over 300% since its 2020 debut in the market.
AAON (NASDAQ:AAON) is also up 176% in the past five years.
Thought you could live without AC? Give it a couple more years, and that might not be the case.
bar1080
10 months ago
Updated CARR dividends.
Date Dividends
Jun 22, 2023 0.185 Dividend
May 04, 2023 0.185 Dividend
Dec 21, 2022 0.185 Dividend
Oct 27, 2022 0.15 Dividend
Jun 22, 2022 0.15 Dividend
Apr 28, 2022 0.15 Dividend
Dec 22, 2021 0.15 Dividend
Oct 28, 2021 0.12 Dividend
Jun 23, 2021 0.12 Dividend
Apr 30, 2021 0.12 Dividend
Dec 22, 2020 0.12 Dividend
Oct 29, 2020 0.08 Dividend
Jun 25, 2020 0.08 Dividend
bar1080
2 years ago
Carrier Increases Dividend Again
Date Dividends
Dec 22, 2021 0.15 Dividend
Oct 28, 2021 0.12 Dividend
Jun 23, 2021 0.12 Dividend
Apr 30, 2021 0.12 Dividend
Dec 22, 2020 0.12 Dividend
Oct 29, 2020 0.08 Dividend
Jun 25, 2020 0.08 Dividend
bar1080
3 years ago
SA; Carrier: "Love The Company, Just Not Stock Price"
"* Carrier Global has several tailwinds, including a growing residential HVAC replacement market and strong housing starts.
* The move towards Variable Refrigerant Flow in commercial buildings will add to market opportunities. To expand VRF product offering, Carrier Global has acquired a Chinese VRF manufacturer.
* However, current stock valuation is not attractive, even as a complement to its commercial competitor Johnson Controls."
https://seekingalpha.com/article/4458781-carrier-global-love-the-company-just-not-the-stock-price
bar1080
3 years ago
Occasionally I, as an accredited investor, will be invited into a "private placement." I've always declined and never regretted it. The oil/gas ones are almost 100% scams.
Many of my best stocks are more than a century old, firms such as UPS, MMM and Boeing. Carrier dates to 1902. My Berkshire Hathaway has roots going back to 1839! Rockwell International, an enormous winner and div payer, goes back to the 1930s, with many spinoffs.
GL
bigone
3 years ago
No Carrier is among the 96% of our "non-speculative" portfolio. We usually do intensive research into companies , and at times, have partaken in private placements. It is fun to catch a newly organized company and ride it.
Yes, there have been failures. We are still money ahead by a good margin since 2003.
A normal practice is to sell enough of a stock to recoup our original investment once it has doubled in share price. If it still appears to have good potential for growth, we will let the profits ride. Thus, playing with the "houses" money.
We are retired and have set aside the 96% to cover us comfortably. We do not live extravagantly, nor do we take exotic vacations, or splurge on cars , etc..
Whatever makes you sleep well at night is the path you should choose.
All the best to both of us in investing and in our lives.
Thank you for your concern.
Have a Happy Easter.
bigone
3 years ago
This is the "speculative" part of our investment portfolio. It is less than 4% of our total. They are not all in mining of precious metals. We have had losers, but also many doubles, more than 6 triples, a few up 400 - 700%, and one already in the past 6 months up over 1,100%. I enjoy researching small companies.
The 96 + % is invested prudently.
Thank you for your concern.
bar1080
3 years ago
An Arizona State University professor recently wrote an academic paper showing that the vast majority of stocks are stinkin' performers. His paper called "Do Stocks Outperform Treasury bills" examined over 25,000 listed stocks from 1926 to 2016. A big chunk of research!
"...he found that only 4% of the companies analyzed, or 1,092 firms, accounted for all of the net wealth that has been created over the full 90-year period of his study. The remaining 96% of companies collectively generated lifetime dollar gains matching those of one-month Treasury bills."
"Put differently, the outperformance of the stock market is mostly due to the relatively few companies that became "ten-bagger" stocks."
"The results presented reaffirm the importance of portfolio diversification. Poorly diversified portfolios will underperform because they omit the relatively few stocks that generate large positive returns."
From Seeking Alpha comes this dumbed-down discussion of that university paper.
https://seekingalpha.com/article/4313706-stocks-beat-t-bills
bar1080
3 years ago
Carrier's a blue chip that largely invented air conditioning around 1902. Originally I owned Rockwell International decades ago which, around 2001, split into Rockwell Automation and Rockwell Collins, a respected maker of aircraft electronics and radio equipment. Rockwell Collins was acquired by United Technologies for stock and cash. UTX merged with Raytheon.
In April, I received shares in Raytheon and some in Carrier and Otis, the elevator company. It's a long, complex story involving many successful spinoffs, a story that's been very, very profitable for me.
I only own blue chips and almost never sell them.
MN BOUND
3 years ago
TIME Names Carrier's OptiClean a Best Invention of 2020
Source: PR Newswire (US)
OptiClean Dual-Mode Air Scrubber & Negative Air Machine recognized for its rapid innovation to help create healthy indoor environments
PALM BEACH GARDENS, Fla., Nov. 19, 2020 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR) a leading global provider of healthy, safe and sustainable building and cold chain solutions, today announced that its OptiCleanโข Dual-Mode Air Scrubber & Negative Air Machine has been named as one of TIME's 100 Best Inventions of 2020. The OptiClean was developed through rapid innovation in early 2020 to help support infectious isolation rooms in hospitals. TIME featured OptiClean in the Medical Care category of its prestigious annual list that recognizes 100 ground-breaking inventions that are making the world better and smarter.
?
"We are honored the OptiClean is being recognized by TIME for a product we developed and brought to market in record time while maintaining strict standards to ensure the highest quality," said Carrier Senior Vice President, Engineering, Chris Kmetz. "At Carrier, we're committed to doing our part to develop smart, sustainable and efficient solutions that will address our most critical needs."
At the onset of the pandemic, Carrier invented the OptiClean as a negative air machine for hospitals treating COVID-19 patients to help hospitals protect caregivers, workers, and patients. OptiClean can plug into standard wall outlets and has a footprint of less than three square feet. As an air scrubber OptiClean can improve the indoor air quality of classrooms, restaurants, dental offices, commercial buildings and more, by pulling in air, scrubbing it using a HEPA filter, and then exhausting cleaner air back into the room, reducing contaminants in the air and offering further protection as part of an overall mitigation strategy.
OptiClean is one of a number of solutions offered through Carrier's Healthy Buildings Program, an expanded suite of advanced solutions to help deliver healthier, safer, more efficient and productive indoor environments. To view the full TIME 2020 Best Inventions list visit time.com/best-inventions-2020.
About Carrier
As the leading global provider of healthy, safe and sustainable building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit www.Corporate.Carrier.com or follow us on social media at @Carrier.