| Watsco, Incorporated Earnings Conference Call (Q4 2007)
Watsco, Inc., along with its subsidiaries, distributes air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States. Its products primarily comprise residential central air conditioners; light commercial air conditioners; gas, electric, and oil furnaces; commercial air conditioning and heating equipment and systems; and other specialized equipment. The company also offers various parts, including replacement compressors, evaporator coils, motors, and other component parts; and supplies consisting of thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives, and other ancillary supplies. Watsco operates through approximately 380 locations in 32 states. It distributes its products to contractors and dealers who service the replacement and new construction markets.
Stocks to buy: Blue Star, Ruchi Soya, Simplex Infra, Kalyani Steels
Kotak Securities has a ‘buy' rating on the central air-conditioning systems major Blue Star, as it feels it will report handsome earnings growth over the next two years (CAGR of 78% between FY07 and FY09). The company being in a position to offer the best requirement for central as well as commercial refrigeration equipment enabling it to maintain a leading market position in this segment, remains one of the key reasons for its bullishness.
The brokerage also feels that the stock is a play on structural themes like IT/ITeS and retail. However, the brokerage warns that appreciation in the rupee and slowdown in IT/ITeS services remain key concerns. Kotak calculates that at the current price, BSL is trading at 25.1x and 19.3 times FY08 and FY09 earnings, respectively, and on a forward EV/EBITDA basis, the stock is trading 12.6 times.
N.M. Environment Department proposes limit to truck idling
SANTA FE—The state Environment Department is considering limiting the amount of time long-haul truckers can leave their vehicles idling at truck stops. The department plans four hearings around the state this month about the proposed rule. The proposal is a result of Gov. Bill Richardson's executive order to reduce the state's greenhouse-gas emissions to 75 percent below 2000 levels by 2050. The new regulation would apply only to commercial trucks weighing at least 16,001 pounds. No time limit on idling has been proposed. Drivers power the heat and air conditioning in their truck sleeping berths by letting the engine run while they rest. Those idling engines—even in cleaner new models—produce thousands of tons of carbon dioxide, nitrous oxide and other pollutants, according to the Environment Department.
Electrical system controls AC units, lowers energy use
Manufacturer of electrical equipment, cable management systems and wiring accessories, Legrand, has developed energy saving occupancy sensors known as the Wattstopper system. The product is based on passive infrared and ultrasonic technologies, are designed to monitor and control lighting and temperature levels in domestic, commercial and industrial applications. “Recently launched Wattstopper switches and sensors turn lighting and air-conditioning off in unoccupied areas," says Legrand South Africa national sales manager Timothy Mountjoy. “This saves users hours of wasted energy each day, thereby ensuring substantial energy savings at a crucial time in this country," he says. Wattstopper low temperature sensors are designed for installation in cold storage facilities and freezers, and operate on the basis of passive infrared technology that senses occupancy by detecting the difference between heat emitted from the human body in motion and the background space.
Moro buys N.Y. HVAC company
Moro Corp. said Monday that it bought J&J Heating and Cooling. Moro of Wayne, Pa., said Vestal, N.Y.-based J&J operates in the Binghamton, N.Y., area., serving homes and commercial buildings. In addition to heating, ventilating and air conditioning work, Moro makes concrete reinforcing steel and sheet metal and distributes steel and construction accessories. .
ResortQuest Introduces Air Conditioned Golf Carts & Segway Human ...
Extreme summer heat means golf is a whole new ball game. ResortQuest Hilton Head provides the Southeast's premier golf along with new technology to keep you cool. Along with Greenwood Development's cutting-edge philosophy, golf courses in Palmetto Dunes have introduced two new state-of-the-art amenities to all three courses. Hilton Head Island, SC (PRWEB) August 16, 2006 -- Golfers at the Arthur Hills, Robert Trent Jones and George Fazio courses now have the option to ride in air-conditioned comfort with the Coolwell G2 Climate Control System or in futuristic style on a Segway Golf Transporter. ResortQuest Palmetto Dunes Resort, offering Hilon Head vacation rentals, is the only public access facility to offer these unique and innovative products. Enjoy 18 holes of golf in Palmetto Dunes using the G2 unit.
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