Although I read the forward looking statement that Asian effect will not that significant I personally don't believe that. First I would like to know what percentage of sale WDFC is from the Asia. If it is a significant amount than deffinately it will hurt the WDFC's bottom line.
It could effect the following ways: 1)Asian currency devaluation will translate in lower US$$ profit.
2) Any price increase may effect sales and again lower earnings.
3) I WDFC manufactures their products in Asian country may wash the effect and earnings may go up.
4)Decrease in lobor cost and raw material and other SG&A expense may bring more earnings?
5) Sny other restructuring plan may also effect the earnings?
Can any one analyse my assumption and tell me what is really happening? Is it time to dump at $30?? I am wonderaing whay WDFC is sleeper? C, RN and F also pays similar dividend why they are not sleepers??? Please someone comment?? Happy Holidays.