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Tuesday, 02/13/2018 12:29:07 PM

Tuesday, February 13, 2018 12:29:07 PM

Post# of 113280
WSTL

The last couple of trading days I have been adding shares here and there sub $3.20. A small position but here is what I like.

1) They earned .09 in seasonally weak q3, to get .09-.10 out of the company in by far their seasonally weakest quarter is a very good sign. I expect $0.50-.60 in fy 19, with the cost cuts they have made hence I see FV in the $5-6 range.

2) WSTL has a strong balance sheet it is even cheaper if we look at their huge cash position they have $1.65 cash, which is more than 50% of their current market cap.

3) WSTL has talked about using that cash to have small add on acquisitions. They stressed they would only add if (a) There were synergies (b) Would be close to or immediately accretive to the bottom line.

Conclusion: I will continue to add to WSTL on weakness, but plan to keep the position small. But I think WSTL has solid potential here, with not too much downside risk at current price. Time will tell. All is just my opinion, and I could always be wrong though.

---All above is just my humble opinion.
And I could always be wrong.
And as always do your own DD.---
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