Report
Brian Bernard
EUR 100.00 For Business Accounts Only

Wesco's Gross Profit Margin Improvement Initiatives Are Taking Hold.

We think Anixter International and Wesco International are significantly undervalued, currently trading at approximately a 40% discount to our fair value estimates. 
We previously preferred Anixter because of its historically more balanced capital-allocation strategy and our belief that its resumption of special dividends and/or share repurchases was on the horizon, which we saw as a potential catalyst along with improving fundamentals. However, Anixter disclosed a multiyear enterprise resource ...
Underlying
WESCO International Inc.

WESCO International is a distributor of products and provider of supply chain management and logistics services used primarily in industrial, construction, utility and commercial, institutional and government markets. The company is a provider of electrical, industrial, and communications maintenance, repair and operating and original equipment manufacturers products, construction materials, and supply chain management and logistics services. The company's primary product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls and motors.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Brian Bernard

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