zarley Posted March 2, 2009 Share Posted March 2, 2009 As I write this, Wesco (WSC) is trading at $233. Market cap is now around 1.66 billion and BV per share is probably north of $2 billion, or $280 per share. The last reported book value is $2.6 billion, but it's the Q3 number. I just lopped off $600 million to account for unrealized investment losses in Q4 and Q1 2009. I've never given a lot of thought to buying Wesco, but these prices are making me take a look. Thoughts? Edit: I just reread Wesco's earnings release and in it, Munger accounts for the decline in investments. BV is basically $2 billion given the declines in the equity markets. So, my guess was reasonably close, and WSC still looks pretty cheap. http://www.wescofinancial.com/1208ER.pdf zarley Link to comment Share on other sites More sharing options...
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