Analyst Jeff Germanotta of William Blair & Co. investment firm, who began research coverage of Watsco (Coconut Grove, Fla.), said, “Within its HVAC business, Watsco has demonstrated its capacity to generate growth from both internal and external opportunities, including the integration of 47 acquisitions since 1989.”
The investment firm began its research of the distributor in May and will complete a market perform rating and a company profile of core growth. Germanotta estimated that the company would earn $2.20 in fiscal 2005 and $2.63 per share in fiscal 2006.