WNR# Stock
l*n
1 楼
My 2 cents:
WNR accumulated a lot of cash thanks to the profitable spreads.
It has been reducing debts while returning values to investors. These are
all very helpful to its valuation especially in deleveraging macro env.
The risks are:
Volatile spreads will be translated to volatile prices. Hence, some
divergence on target prices, which are 25-30 a pop right now. So it doesn't
quite surprise me much people take some profits around $25.
But the positive momentum is still in play as long as spreads stay around 30
.
Btw, people generally think WNR as a growth or growthier play as it is not
cheap any more based on TTM.
Disclaimer: I hold WNR.
WNR accumulated a lot of cash thanks to the profitable spreads.
It has been reducing debts while returning values to investors. These are
all very helpful to its valuation especially in deleveraging macro env.
The risks are:
Volatile spreads will be translated to volatile prices. Hence, some
divergence on target prices, which are 25-30 a pop right now. So it doesn't
quite surprise me much people take some profits around $25.
But the positive momentum is still in play as long as spreads stay around 30
.
Btw, people generally think WNR as a growth or growthier play as it is not
cheap any more based on TTM.
Disclaimer: I hold WNR.
