WSTG...Current dividend yield = 3.75%...Been adding a lot of shares in the loooooow $18's all of last week. Have increased my position by approx 150% since the beginning of the year. $18 has been support since last May, so was thinking it's a good place to start building my position back up.
Forward growth, cash, cash flow, market cap, dividend, LOW float, share buyback, along w/ $0 debt, all look good for a strong long term investment at $18 (and/or lower, if the share price dips).
Here are Dale Foster's remarks from Q3 2020's cc, after the Q&A wrapped up. Just sums up Wayside (IMO) and why I'm comfortable holding here...
- We have a strong Board of Directors. Very supportive of what we are going to do in the future. A lot of input as we have a lot of people on our board that's from the industry. One of the things I want to make a shout out to...The TEAM. You know, two acquisitions and a lot of (you know) with the accounts and lawyers. To Mike and his team...Congrats!!
A lot of work has been done. We still have a lot of work to do.
I can tell you, our focus has been on growth in the company. I think we have proved that in the direction we are going.
BTW hweb, Q4 is suppose to be a pretty strong Q. So although covid probably had an impact on earnings, hopefully numbers are decent w/ good forward outlook.
The information posted by 2morrowsGains is opinion only and should not to be taken as investment advice.
AI
