Watsco Stock: Weak Outlook And Expensive Valuation Keeps Me On The Sidelines (NYSE:WSO)

I have admired Watsco’s ( WSO ) business for quite a long time, particularly due to its industry positioning (largest player in a fragmented industry), phenomenal leadership, and quite unique incentive structure that promotes entrepreneurialism at the grass-roots managementI am a value focused investor, conducting fundamental research on sectors like but not limited to chemicals, homebuilders, building materials, industrials and metals & mining. I prefer to invest in stocks which are cheaply available and h ...