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WEX Inc. Message Board

  • fabulouspoodle fabulouspoodle Apr 29, 2010 10:28 AM Flag

    Bought some

    I had a small gtc which hit in the very low .80's. Earnings sucked, and the company has been firing on no cylinders.

    But its still cheap on a tang book basis, and their sector has been very hot with lots of the micros putting in great qtrs. Obviously wex has bucked the trend, and has performed poorly in a strong environment...guess that says something about management. I just figure that if the environment stays strong, wex may be able to generate enuf biz to turn a profit in a couple of qtrs...then the stock could double off these levels. And if they dont, downside seems limited.

    Anyways, I'll buy more if it heads lower...into the mid .70's.


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