Watsco Stock Plummets: Is It a Buying Opportunity?

Watsco stock plunges after executives reveal a 12% drop in year-to-date unit sales, fueled by a cooling construction market and cautious consumer spending. Is this a short-term blip or a sign of deeper trouble for the HVAC distributor, whose shares have already slid 18% this year? Despite recent struggles and a missed Q2 revenue target, long-term investors who've seen 60% growth in five years are now eyeing this dip as a potential buying opportunity amidst market uncertainty. Hosted on Acast. See acast.com/privacy for more information.