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WEX Inc. Message Board

  • red_wombat80 red_wombat80 Mar 5, 2005 9:13 AM Flag

    WEX vs. SCSS

    Until Winland achieves it goal to diversify its customer base, it will pay (at least for traders among us) to watch moves in SCSS stock prices. Looking at the one-year chart, the movements appear to be related and a sharp move in SCSS will likely be followed by a move in the same direction by WEX.

    I'm glad to see WEX over $5. As mentioned, if the price stays above $5 more institutional investors will be allowed to invest. Of course they may still be deterred by the low volume. I was also glad to hear Lorin say that they were not planning another stock dividend (although I did not grasp his logic, which if I recall had something to do with potential acquisitions), because another dividend would directly decrease the odds of the price staying over the $5 threshold.

    Overall, I continue to be pleased with the performance of our management team and optimistic about Winland's future. I expect the next quarter to continue the run of profitable quarters and probably with some earnings growth as the additional SCSS order should start to kick in along with lower Sarbanes-Oxley and start-up costs. I'm also gald that they are being cautious about any acquisitions as a poor choice here could devastate a company of their size.

94.26+0.47(+0.50%)Nov 25 4:02 PMEST