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The Panic-Proof Portfolio (Stockchase Research) WD-40 Company WDFC-Q PAST TOP PICK May 13, 2021

(A Top Pick Jan 12/21, Down 16.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with WDFC has triggered its stop at $240. To remain disciplined, we recommend covering the position. We will look for better opportunities.
$243.420

Stock price when the opinion was issued

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly This well known household product continues to put up solid results. Latest reported revenue was up over 26%, aggressively beating expectations, and gross margin continues to expand with increased cost efficiencies. Management just raised 2021 earnings guidance, above market expectations. The dividend is modest, but has increased in each of the past 11 years (backed by a payout ratio of 51%) and is due for another increase shortly. We would buy this with a stop-loss of $240, looking to target $353 -- over 20% upside. Yield 0.89% (Analysts’ price target is $353.00)
SELL
A hard pass. They really missed their last quarter.
COMMENT

He missed this. They have a history of delivering good quarters, then bad, then good, then bad.