BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

WDFC: Expectations Set for Disappointment

WDFC: Spraying on a Sell Rating, Initiating

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>WDFC reported fiscal fourth quarter (August) results missing the Company’s guidance due to slower roll out of price increases and continued inflationary pressures on input costs</li>
<li>The miss underscores our continued concerns in the business where WDFC is depending on price increases to solve demand shortfall with management affirming unit volumes declined in the quarter</li>
<li>WDFC’s sales benefited from certain customers pulling forward orders in anticipation of announced price increases in fiscal fourth quarter and fiscal first quarter</li>
</ul>


WDFC reported fiscal fourth quarter (August) results missing the Company’s guidance due to slower roll out of price increases and continued inflationary pressures on input costs
The miss underscores our continued concerns in the business where WDFC is depending on price increases to solve demand shortfall with management affirming unit volumes declined in the quarter
WDFC’s sales benefited from certain customers pulling forward orders in anticipation of announced price increases in fiscal fourth quarter and fiscal first quarter


WD-40 Company

WDFC: Negative Free Cash Flow