WU
Decided to sell WU at $9.89. I have to be honest this was a tough call on this one. But I think I have made several mistake with this one. Number 1 originally I thought this stock would get a higher PE, now I'm convinced it will receive no more than a 5-7 PE, after seeing IMXI which I puked out as well earlier this week, I truly believe this sector is in slight decline/ or no growth, versus slow growth. the economy is slowing most likely in the coming months hence another headwind. keep in mind q1 was before reciprocal tariff day (which was a hit to the global economies any way you see it), and that quarter wasn't very good. I thought it was a penny or two originally lower but in reality it was more like .04-.05 lower than I thought, looking back they had a abnormally low non gaap tax rate of 10% for the quarter if it goes back to the mid to upper teens like I expect, they would of only earned about .38 this quarter. After the commentary in the CC, I have my doubts now about guidance because this quarter as I said was aided .02-.03 by an abnormally tax rate. I think earnings might be in the $1.70 range and if they lower guidance which they might, with there significant debt loads, and the high dividend, they might fall to the 5 multiple hence that would put us in the mid 8's, even at 6 multiple it only gets us to $10.20 if they earn $1.70 which I'm now thinking is very likely (as I feel $1.65-1.75 is where they will come in at). I decided to sell this stock and move on. I continue to clean out the portfolio. I will rebuild in the coming weeks (although I also think a market selloff might be around the corner to make opportunities available in the coming weeks), but first I want to make sure I start fresh before I rebuild. All is just my opinion, and I could always be wrong though.
I
AI
