You might want to cover your WCC short. Wesco is kicking butt around here and there is little reason I can see for the stock to go down. In fact, this stock should 2x this year. Printing off the charts right now and may take a long position on 2/25. Another way to cover would be options.
Here’s another viewpoint from the Y! boards:
“I will put my 2 cents in. I think 50-55 should be reached relatively quickly. At 12 times it could get to 60-65 in 6-9 months if the market is good. The buyback will help but something from GS or JPM could get this stock really moving. Actually Raymond James was also on the call and we might be better with a push from them.
Not sure how much control the CEO has over the Board but at this level it seems that someone might want to buy the entire company. MSFT buying YHOO points out that undervalued companies will be taken out.
Have you covered your WCC shorts?
You might want to cover your WCC short. Wesco is kicking butt around here and there is little reason I can see for the stock to go down. In fact, this stock should 2x this year. Printing off the charts right now and may take a long position on 2/25. Another way to cover would be options.
Here’s another viewpoint from the Y! boards:
“I will put my 2 cents in. I think 50-55 should be reached relatively quickly. At 12 times it could get to 60-65 in 6-9 months if the market is good. The buyback will help but something from GS or JPM could get this stock really moving. Actually Raymond James was also on the call and we might be better with a push from them.
Not sure how much control the CEO has over the Board but at this level it seems that someone might want to buy the entire company. MSFT buying YHOO points out that undervalued companies will be taken out.
Tim
Yes I did, but I might consider shorting again.