The Dean’s WWAG Stock Pick Continues To Rally
May 3rd, 2009 at 10:15 pm Posted by The Dean
On Friday, WWAG closed at $0.47 for a one-day gain of 27%. After discussing WWAG for over six months and even producing a Class Trip DVD on the company… it’s finally being given some recognition on Wall Street. Hopefully several of my students seized the opportunity to invest in WWAG when I first initiated coverage on the stock- it’s up 194% since my alert.
I believe this is just the beginning of a major rally that will catapult WWAG well above $1. This past Tuesday (4/28) WWAG announced that it will start hosting auctions for construction equipment in Tempe, AZ starting this June. This is a historical milestone for the company and in my opinion the news isn’t fully priced into the stock yet.
The Tempe auction site is in a prime location and I expect WWAG to take away lots of business from RBA by undercutting them on price and giving consignors (sellers) of construction equipment a much better deal.
As I wrote HERE… RBA is one of the last true monopolies on Earth and conduct well over 90% of the world’s physical auctions for used construction equipment. RBA dominates every major city in the world except for Dubai, UAE.
In Dubai, RBA is being outperformed by WWAG because they offer lower costs. While RBA charges an average 15-20% commission to consignors for selling their equipment…. WWAG charges consignors an 8-12% commission on average.
Everybody is looking for the best possible deal in the Great Recession and companies offering the lowest possible costs will continue to thrive. This is exactly why WWAG will continue to profit and it’s also one of the top reasons why WWAG is The Dean’s #1 Stock for 2009.
Awesome pick! Bought 10,000 shares on Wednesday at .28 and sold Friday morning at .4 — a profit of $1200 in 2 days!!
I’m so glad I signed up for your alerts!! Keep the winners coming!
-StockStyle
Good call Dean!! I got 10,000 shares at .25 and am still holding!!! I think we’re headed to $1.00 !!!