The Raytheon/United Technologies merger and Otis/Carrier spin-off was one of our earliest and greatest successes in the special situation investing space. Since then we’ve been hooked!
On the China services angle - the market is super tough and you can pretty much set up a maintenance business with no capital as it's stuffed with kickbacks etc. Think it will be a long time before that professionalises. But great write up for a good business.
Very interesting article! Thanks for sharing!
Very kind. Thanks for reading!
Great write-up!
The Raytheon/United Technologies merger and Otis/Carrier spin-off was one of our earliest and greatest successes in the special situation investing space. Since then we’ve been hooked!
Keep up the great work!
Thanks for the support, Six Bravo. Will be interesting to continue following the progression of all 3 entities.
Sure thing!
On the China services angle - the market is super tough and you can pretty much set up a maintenance business with no capital as it's stuffed with kickbacks etc. Think it will be a long time before that professionalises. But great write up for a good business.
Thanks, Viktor. I appreciate your thoughts.