Replies to post #72466 on Savvy Trades and Investments

[2morrowsGains]

WSTG...Could be a number of reasons why he sold those shares. Hard to tell. He's been a director for quite sometime.
I know one thing, a lot of tech stocks have been doing quite well lately including WSTG. (Heck, PLUS reports tomorrow and it's up $4+ today).

What I like about WSTG is they are well diversified within the company for transitioning into this worldwide work-at-home atmosphere...

- Virtualization & Cloud
- Security
- Storage
- Data management
- Connectivity
- Software & application lifecycle

Seems to be well set for growth. And they can do it remotely!!

BTW, they even have a European site up and running...
https://www.climbcs.eu/

[2morrowsGains]

WSTG...Stock price held nicely this week. Still trading at a forward PE of approx 10 with no debt while paying a dividend. Now that most companies have reported Q1, I still think Wayside had one of the best Q reports by far than any other company. I'm thinking certain institutions are more than likely looking to accumulate WSTG.

From the Q1 cc...

- "Looking to Q2 and beyond, we continue to expect that we will carry our strong momentum throughout the year and drive sustainable, profitable growth through our Lifeboat Distribution business. Even in these challenging times, from a product perspective, we will continue to deepen our presence in our core verticals, while delivering growth in newer verticals like cloud and connectivity. Across our business, we are maintaining our focus on generating double-digit organic growth in gross profit, and we expect to flow through a significant portion of that growth to adjusted EBITDA. Integrating Interwork into Lifeboat Distribution's platform in the coming quarters will allow us to make us even stronger and continuing our progress towards this goal and further advance the momentum as a sales-driven organization. In addition, we are in the process of evaluating a comprehensive rebrand for the company to better reflect the strength of the 2 companies and our shared DNA, with emerging technology brands and disruptors."
- "With the latest information available to us today, we believe we are well positioned to continue executing in this environment, and we are committed to supporting all of our partners in the months and quarters ahead."
https://finance.yahoo.com/news/edited-transcript-wstg-earnings-conference-221505772.html

BTW, we should get more growth news within the next few weeks...

"Lifeboat (now branded as Climb Channel Solutions) in June will launch its first cloud platform, and will be looking to onboard companies with functioning cloud marketplaces, Foster said."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155656252