This Air-Conditioning Stock Fell 20%. It’s Time to Buy.

The temperature is rising, but shares of air-conditioning distributor Watsco have cooled off. That’s created an opportunity for investors to buy the stock.

Summer should be a great time for Watsco (ticker: WSO). The heating, ventilation, and air conditioning, or HVAC, distributor operates about 670 stores across the country, from which it sells tens of thousands of products to hundreds of thousands of contractors. Its wares include new AC units, replacement parts, refrigerants, and even Nest thermostats.

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