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Wayside Technology Group, Inc. (WSTG)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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25.87-0.28 (-1.07%)
At close: 4:00PM EDT
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  • A
    Andy
    Too bad on the results for WSTG. I can find healthy profitable companies that pay 17 cents per quarter in dividend that are selling in the $7 per share range.
    Bearish
  • A
    Andy
    WSTG is climbing up more than most companies. WSTG has great balance sheet and has nice profits with good fundamental resilience to the Communistvirus. Likely heading over $20 per share over the next few months.
  • A
    Andy
    Beautiful. It is great to see stronger results that I have EVER seen from Wayside. WSTG excels at cloud and digital collaboration and security. These are all at increased demand. Q1 Net Sales up 40% to $62.6 million.
    Gross profit increased 13% to $8.2 million.

    Non-GAAP Net Income came in at $2.1 million or $0.48 per share, compared to $1.5 million or $0.32 per share.
    These numbers are beyond all expectations I have had or have seen. I think we could easily see WSTG at $25 per share this year.
    Bullish
  • B
    Bunny
    Making 10 millions per year is on a trajectory of growth. With 16 millions net cash for an enterprise value of 60 millions, i would not sell and let the excellent CEO to bring it to new heights. Great execution and lots of vendors and users can take advantage of the Lifeboat services
  • B
    Bunny
    With 8.2 millions in cash, The fair offer price should be between 32 - 39 with 6.7 million free cash flow at a discounted rate of 5.69%.
  • A
    Andy
    Excellent to see strong revenue from WSTG and very strong operating profit and EPS. Net income excluding separation expenses, net of related taxes (non-GAAP) for the year ended December 31, 2018 was $5.5 million. This is better than expected and clearly WSTG is very undervalued. I think $16 per share in coming this year.
  • A
    Andy
    Great to see another quarter of strong revenues and profits for in Wayside. Fundamentallly WSTG is looking very good. And strong dividend too.
  • H
    Harry
    Great buying opportunity today. Ok Q2 was dinged by covid. Same story for a lot of companies. But the huge increase in the cash position...wow! Cash tripled to $45M. Even while doing an acquisition?? That's over $10.50/share in cash. No debt. Current dividend yield of 3%.

    I'm a buyer of WSTG. When quarterly earnings recover back towards .50...with that large cash position...I think this underfollowed tech stock will be in the $30's.

    Upbeat CC too. Lots to look forward to with the Interwork acquisition. As well as the upcoming launch of their new cloud marketplace. Couple parts of the CC transcript:

    "Moving on to Interwork. We made excellent progress with our integration following the acquisition in May. We've now on boarded all but two of the existing Interwork brands onto our Climb systems. And we expect to have the final two brands fully on boarded by August. As we look ahead to the third quarter, our most immediate area of focus is on launching our own self service cloud marketplace. Businesses and consumers alike are increasingly dependent on virtual and cloud based infrastructures, especially in this heavily remote work environment."

    "To summarize our call today, we have effectively navigated one of the most challenging periods of time in our nation's history. We continued to serve as a vital partner to our vendors and customers, as reflected by our margin and profitability concessions in some areas over the near term. We know that deepening our relationships and being there for vendors when they need us most will only benefit our business in the long run. We have more cash on hand today than ever before to continue driving growth with emerging vendors on our line card and further diversify our revenue streams. And last, in a very short period of time, we've begun to realize the benefits from this management team’s first acquisition at Wayside. We are very much in the early innings of accelerating growth and profitability for years ahead as we position ourselves as a premier technology distributor for emerging data center, cloud and security products."
  • A
    Andy
    Excellent results.
    Sales climbed 24% to $60.9 million for Q4 alone!
    Net income increased 16% to $2.0 million or $0.45 per share.

    Very nice profit and growth. WSTG likely headed to P/S over 2. That would put WSTG stock at $90 per share!
  • A
    Andy
    Great to see the public sector approval: https://finance.yahoo.com/news/lifeboat-distribution-awarded-70-gsa-111500385.html
    This widens the pipeline for WSTG.
    EATONTOWN, N.J., April 04, 2019 -- Lifeboat Distribution, a subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG) and international value-added distributor for disruptive.
    EATONTOWN, N.J., April 04, 2019 -- Lifeboat Distribution, a subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG) and international value-added distributor for disruptive.
    finance.yahoo.com
  • A
    Andy
    Very nice to see WSTG performing financially very well. Net sales for the quarter ended March 31, 2018 increased 6% to $40.5 million compared to $38.1 million for the same period in 2017 Net income for Q1 increased 21% to $1.6 million compared to $1.3 million during the prior year. Diluted earnings per share for Q1 increased 23% to $0.36, compared to $0.29 for the same period in 2017. This is far better than I had expected. Strong cash and profit roll in. Balance sheet is great. There are only 4.3 million shares outstanding. I would not be surprised to see WSTG over $18 per share very soon.
  • D
    Dylan P
    Nice earnings report! I just wish this boost was on top of the $16.38/share offer that was made by the mystery suitor, just to show 'em the future potential of this company...
  • S
    Sean
    Strange drop on a good earnings report. Doesn't make sense.
    Bullish
  • B
    Bunny
    I like WSTG tug in small acquisition, but open an important Euro market, the path to grow in Euro at the trough of business cycle in Euro is very smart and got a great deal.
  • A
    Andy
    Here is some news from this week that Yahoo missed. Lifeboat is growing and hiring and getting add'l contracts:
    Eatontown, NJ (February 21, 2018)—
    Lifeboat announces a distribution agreement with Cloudistics, a leading cloud software appliance company.
    Lifeboat will sell Cloudistics’ cloud solutions to its network of value-added resellers. Cloudistics
    goes beyond traditional HCI by delivering a turnkey enterprise cloud on-prem. Cloudistics
    interlocks and virtualizes network, storage, and compute, and then hides infrastructure from the
    user with application-focused control software. Through a software defined approach,
    Cloudistics provides customers the ability to focus on deploying, securing and managing their
    applications and services.
    “Lifeboat is excited to partner with Cloudistics; one of the leading disruptive on-prem cloud
    solutions,” said Dale Foster, EVP of Lifeboat Distribution. “There is complexity of managing
    hybrid environments and high cost to move data from cloud to on-prem. Cloudistics simplifies
    the experience and infrastructure to manage your environment on-prem as if it were public
    cloud.”
    “We are thrilled to be working directly with Lifeboat as the company has a strong track record
    and a renowned group of partners,” said Terry Homan, Global Channel Sales Director of
    Cloudistics. “Through this agreement we look forward to working closely with Lifeboat to assist
    partners to quickly and easily modernize their IT infrastructure along their digital transformation
    journey.”
  • B
    Bunny
    It is still very under valued. My target was 46 -48 . With the earning, I will likely further upgrade it with a higher target price.
  • g
    g
    Extremely good offer from N&W Group in the making, expect news soon!
    Bullish
  • A
    Andy
    I noticed my brokerage is not permitting online orders for WSTG. They will only accept orders that are phoned-in. This tends to reduce the number of purchases of a stock. In the past, I have had good experiences purchasing during or after these restricted periods. The restricted purchasing may be partially responsible for the recent decline in WSTG stock price. Time will tell.
  • A
    Andy
    Buying some more at $12.95. This company will likely have revenue of over $100 million for the quarter and have net income of over $1.2 million for the quarter. WSTG has no debt and has net assets of over $38 million. I would expect a market value to head near net tangible assets + 10 X annual net income. That would mean a market value of $90 million for WSTG based on these conservative financial projections. Right now market cap is $58 million. I believe WSTG would have to rise 55% from its current value just to get near fair valuation. That would put the stock at $20.10 per share. Time will tell. Enjoy.
  • A
    Andy
    Yes, balance sheet and cash flow are excellent. Plus, WSTG is going to have revenue over $200 million this year and going to have over $1.60 in net income. The company is intrinsically worth over $20 per share.
    Bullish