Q: Hello Peter,
Is AOS smith a good long term hold? What is your view on payfare's announcement of losing a major customer? Is this still worth holding for potential decent return in the long run given it is in fintech space? thanks very much
Is AOS smith a good long term hold? What is your view on payfare's announcement of losing a major customer? Is this still worth holding for potential decent return in the long run given it is in fintech space? thanks very much
5i Research Answer:
We have multiple comments posted on PAY; AOS is a decent water-focused industrial company, trading at 22X earnings with a 1.45% dividend that has shown some growth. The balance sheet is solid. Earnings growth is expected, in the <10% range. It has a good long term history of fairly-steady growth. Not exciting, but stable and reliable.