Savvy Trades and Investments

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WSTG Q2 dinged more than I thought by covid. So that was disappointing. But the huge increase in the cash position...wow! Cash tripled to $45M. Even while doing an acquisition?? That's over $10.50/share in cash. No debt. Decent dividend yield.

Stock probably down some today as it's had a nice run. But I'll be a buyer. When quarterly earnings recover back towards .50...with that large cash position...I think this underfollowed tech stock will be in the $30's.

Upbeat CC too. Lots to look forward to with the Interwork acquisition. As well as the upcoming launch of their new cloud marketplace. Couple parts of the CC transcript:

"Moving on to Interwork. We made excellent progress with our integration following the acquisition in May. We've now on boarded all but two of the existing Interwork brands onto our Climb systems. And we expect to have the final two brands fully on boarded by August. As we look ahead to the third quarter, our most immediate area of focus is on launching our own self service cloud marketplace. Businesses and consumers alike are increasingly dependent on virtual and cloud based infrastructures, especially in this heavily remote work environment."

"To summarize our call today, we have effectively navigated one of the most challenging periods of time in our nation's history. We continued to serve as a vital partner to our vendors and customers, as reflected by our margin and profitability concessions in some areas over the near term. We know that deepening our relationships and being there for vendors when they need us most will only benefit our business in the long run. We have more cash on hand today than ever before to continue driving growth with emerging vendors on our line card and further diversify our revenue streams. And last, in a very short period of time, we've begun to realize the benefits from this management team’s first acquisition at Wayside. We are very much in the early innings of accelerating growth and profitability for years ahead as we position ourselves as a premier technology distributor for emerging data center, cloud and security products."