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

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul>
<li>We are initiating coverage of WD-40 Company (WDFC) with a Sell Rating and $88 target.</li>
<li>We believe WDFC is prone to an earnings decline stemming from higher input costs and the Company’s first in first out accounting practice.</li>
<li>People are no longer staying indoors. The squeaking door is not bothering anyone like it used to. WDFC benefited from people staying home during pandemic. Now inventory is rising</li>
</ul>


We are initiating coverage of WD-40 Company (WDFC) with a Sell Rating and $88 target.
We believe WDFC is prone to an earnings decline stemming from higher input costs and the Company’s first in first out accounting practice.
People are no longer staying indoors. The squeaking door is not bothering anyone like it used to. WDFC benefited from people staying home during pandemic. Now inventory is rising


WDFC: Spraying on a Sell Rating, Initiating