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Holly LaFon
Holly LaFon
Articles (8683)  | Author's Website |

Wally Weitz Comments on Wesco

Guru stock highlight

January 24, 2018 | About:
Wesco (NYSE:WAIR) remains in the depths of a difficult turnaround. Results for their recently completed quarter were again disappointing, and despite new management’s guidance for revenue and EBITDA growth in the coming year, investors are reluctant to take them at their word. We underestimated the complexity of the required turnaround, but we are encouraged by signs of incremental progress and believe shares currently trade at an attractive discount to our reset expectations.

From Wallace Weitz (Trades, Portfolio)'s Partner III Opportunity Fund fourth-quarter commentary.

About the author:

Holly LaFon
I'm a financial journalist with a master of science in journalism from Medill at Northwestern University.

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