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2morrowsGains

11/06/19 10:03 AM

#65835 RE: nelson1234 #65829

WSTG... They are projecting $30M in GP for the year (at least that's the way I understood it.) So Q4 should be stronger with approximately 8M+.
Going to listen to the CC. I think this is undervalued at $12.50. And I was watching that gap that never filled from a few months ago. So my limit orders were in.
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2morrowsGains

11/06/19 11:48 AM

#65856 RE: nelson1234 #65829

WSTG...I listened to the cc. Sales are up 9% from last year, GP is up 12% from last year. Also, they paid $200,000 more in state income tax this year. Without that increase in tax, I think Q3 EPS would have been approx $0.37.
Good quarter!!
Q4 will be stronger based on comments in the cc.
Management said the quarters are not linear. Need to look at the quarters as a barbell, meaning Q1 and Q4 are the strongest. They said Q4 is generally a strong IT spending quarter and several vendors have year-end at December 31st.
I'm holding and collecting the dividend onto next year.