WCC - Wesco International

[ugadawg_98]

This company just reported its first quarter following its merger with Anixter.

http://wesco.investorroom.com/news-releases?item=291

Management claims it can get its debt down to 3-3.5x by year three.

There was a favorable mention here in another thread sometime back by what appeared to be a knowledgeable poster. If you’re still out there, your thoughts would be appreciated.

[ugadawg_98]

Reporting next Thursday (November 5).

Interestingly, in the market downdraft, its fallen to just a few points above where Leonard Green accumulated its 11.5% stake.

I added a bit today and yesterday ($39-40).

[ugadawg_98]

Very strong quarter, stock reacting nicely. Expect it to go substantially higher in next 24-36 months.

https://www.businesswire.com/news/home/20201105005244/en/WESCO-International-Inc.-Reports-Third-Quarter-2020-Results

Reporting next Thursday (November 5).

Interestingly, in the market downdraft, its fallen to just a few points above where Leonard Green accumulated its 11.5% stake.

I added a bit today and yesterday ($39-40).

[ugadawg_98]

Been quite a winner from $39 up.

Got a lot more love this week with the prospect of massive infrastructure spending and a perceived rotation to value/industrial names.

Still long, but at this point playing with house’s money.

[ugadawg_98]

RJ out this morning, maintains "Strong Buy" and raises target to $100.