WSO
I own WSO and it is up 4%+ today.
WSO doesn't fit the model, but I like it for a few reasons
1. The story - They provide air conditioner maintenance and parts servicing. It is a fragmented market and at 7% share, they are a dominant player. They are aggressively acquiring others, an dthat can only lead to economy of scale gains.
2. It's Summertime. More homes and buildings = more demand for air conditioning service
3. P/E of 22 in the face of 20% growth expectations but 42% last quarter
4. Low P/S of 0.9
5. Possible downside tied to electricity prices and desire to conserve energy by shutting off A/C.
It feels fairly priced, but I like the acquisition strategy and wouldn't be surprised to see growth.
WSO doesn't fit the model, but I like it for a few reasons
1. The story - They provide air conditioner maintenance and parts servicing. It is a fragmented market and at 7% share, they are a dominant player. They are aggressively acquiring others, an dthat can only lead to economy of scale gains.
2. It's Summertime. More homes and buildings = more demand for air conditioning service
3. P/E of 22 in the face of 20% growth expectations but 42% last quarter
4. Low P/S of 0.9
5. Possible downside tied to electricity prices and desire to conserve energy by shutting off A/C.
It feels fairly priced, but I like the acquisition strategy and wouldn't be surprised to see growth.
posted by Andrew at
1:44 PM
1 Comments:
what price did you get in for WSO?.If you dont mind sharing are there any other stocks in your personal portfolio which we dont own in our liverocket portfolio?
Thanks for sharing.You are the best fund manager I have ever seen.
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