Comments for WCC - Stockpickr! Your Source for Stock Ideas

Comments for WCC

Added By	Comments	Type	Date Added
barrons3	Market Perform - Price 26.59 on July 21 by Morgan Keegan Headquartered in Pittsburgh, Wesco is one of the largest electrical distributors in the U.S. It serves customers in a variety of markets, including industrial, electrical contractors, utilities, government and institutional markets. Wesco will report 2Q09 earnings on July 23...we are estimating EPS of 73 cents, in line with the consensus of 74 cents. We project a substantial Q2 sales decline of 26.8%, compared with consensus numbers placing the sales drop in the [minus] 20% to 21% range. This would represent a significant departure from management's FY2009 guidance of minus-15% to minus-20%, and [would] be an 850-basis-point to 900-bps decline from Q1 daily sales growth. As an offset, we have Wesco reducing head count by 150 people sequentially, benefiting from one-week mandatory vacations, and from variable-cost compensation. We are reducing 2009 from $2.75 to $2.61, but raising our 2010 number from $2.23 to $2.47. Eaton's favorable commentary regarding stimulus benefits in 2010, as an offset to weaker nonresidential construction demand, may provide 2010 support for electrical-products companies. Market cap: $1.2 billion.	Love	July 25, 2009
Stockpickr Staff	"Just an industrial cyclical name. It doesn't have a dividend, so I'm sending you to Emerson Electric (EMR) which has safety with that yield." <a href="http://www.thestreet.com/story/10518985/1/mad-money-lightning-round-no-on-dryships.html" target="_blank">"Mad Money Lightning Round," 6-17-09</a>	Love	June 18, 2009
Timothy OBrien	job	Love	March 08, 2008
schotten	strong growth, low p/e	Love	June 01, 2007
djohn31	+130.83%	Love	January 20, 2007