$385.00

5.01 (1.32%)

7/8/2008 4:00 PM

Wesco Financial Corp (WSC)

CAPS Rating:

The Company is engaged in three principal businesses through its subsidiaries: the insurance business, through Wes-FIC; the furniture rental business, through CORT; and the steel service center business, through Precision Steel.

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What the Community Thinks

Total Players

127 Outperforms

6 Underperforms

All-Stars

34 Outperforms

1 Underperforms

Wall Street

2 Outperforms

0 Underperforms

Players bullish on WSC are also bullish on:

Players bearish on WSC are also bearish on:

Ticker Tags

Financial Insurer (3), Buffett Stock (50), Rental & Leasing Services (27), Small Cap (1922), CEO over 70 (8), Diversified Conglomerate (16), Finance (4)
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Wesco Financial Corp At A Glance

Current Price:	$385.00
Last Trade Time:	7/8/2008 4:00 PM
Open:	$378.00
Previous Close:	$379.99
Daily Range:	$375.01 - $385.00
52-Week Range:	$368.04 - $449.66
Volume:	1,833
Market Cap:	$2.71B
P/E Ratio:	25.21
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WSC VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for WSC

Berkshire's No. 2 man helps from the background
5/16/2008 12:26:00 PM - AP
Berkshire's Munger says investors should lower expectations
5/7/2008 8:58:00 PM - AP
Wesco Financial Sets Quarterly Dividend
3/24/2008 2:15:00 PM - AP
New York Times Names 2 Board Nominees
2/12/2008 9:31:00 AM - AP

More Headlines...

Top Bull Pitch

Recs

1 Wesco Financial Corp (WSC)

Avatar BADROCKER (44.66) Submitted: 6/29/08 10:53 AM

Let me tell you about my latest love story...
This is not like most financial companies. This company sells insurance, has a rental business, and has a steel service center. And, this is the big one) is a subsidiary of Berkshire Hathaway. The number 2 man at Berkshire is Charlie Munger who also...More

Replies: 0 | Reply | Permalink

Let me tell you about my latest love story...
This is not like most financial companies. This company sells insurance, has a rental business, and has a steel service center. And, this is the big one) is a subsidiary of Berkshire Hathaway. The number 2 man at Berkshire is Charlie Munger who also is the leader at WSC. Warren (Buffett) has nothing but praise for Mr. Munger. (So I kinda like him too.) Mr Munger can get away with critiquing Warren when he disagrees with him (I like him more) and Warren listens to him. ('Atta' boy, you gotta like that.)
Munger, who at 84 is seven years older than Buffett, grew up in Omaha about five blocks from Buffett's current home. Both men worked at the grocery store Buffett's grandfather and uncle ran. (Still like him, maybe even more) Munger is Chairman, CEO and president of WSC and oh by the way WSC is 80 percent owned by Berkshire. WSC generated about $109 million profit for Berkshire in 2007 (Starting to really care deeply for him).
Munger said he believes "a lot of rot" has gotten into financial markets, and more scandals, like the current sub-prime mortgage mess, are likely.(Does this mean he and WSC were unlikely to get in over their heads with the mortgage mess? I think so (so now I think I am in love). "There will be a hell of a mess in these derivative books eventually," he said.
WSC has a CAPS rating of 8. P/E is 25.6 (even the analysts think a lot of WSC and Munger).
A statement Mr. Munger made at the recent WSC stock holder's meeting was "When I was young, Bank of America – would not have done things they do now." (No truer love than this love and warm fuzzy feeling than I feel now).
Thanks to fellow CAPS player chk999 for turning me on to WSC.

Much of this information I obtain from articles of AP Business, and some from Seeking Alpha.

Berkshire has a policy of having a succession plan in place for it's business.

http://seekingalpha.com/article/76538-2008-wesco-shareholder-meeting-detailed-notes?source=yahoo
http://biz.yahoo.com/ap/080516/buffett_s_no_2_man.html?.v=1
http://biz.yahoo.com/ap/080507/wesco_shareholders.html?.v=2

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Recs 0 (WSC) tixareforkids (79.04) Submitted: 6/30/08 10:42 AM : Start Price: $376.00 WSC Score: 3.03 chk999 is very convincing Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 1 (WSC) BADROCKER (44.66) Submitted: 6/29/08 10:53 AM : Start Price: $376.00 WSC Score: 2.96 Let me tell you about my latest love story... This is not like most financial companies. This company sells insurance, has a rental business, and has a steel service center. And, this is the big one) is a subsidiary of Berkshire Hathaway. The number 2 man at Berkshire is Charlie Munger who also is the leader at WSC. Warren (Buffett) has nothing but praise for Mr. Munger. (So I kinda like him too.) Mr Munger can get away with critiquing Warren when he disagrees with him (I like him more) and Warren listens to him. ('Atta' boy, you gotta like that.) Munger, who at 84 is seven years older than Buffett, grew up in Omaha about five blocks from Buffett's current home. Both men worked at the grocery store Buffett's grandfather and uncle ran. (Still like him, maybe even more) Munger is Chairman, CEO and president of WSC and oh by the way WSC is 80 percent owned by Berkshire. WSC generated about $109 million profit for Berkshire in 2007 (Starting to really care deeply for him). Munger said he believes "a lot of rot" has gotten into financial markets, and more scandals, like the current sub-prime mortgage mess, are likely.(Does this mean he and WSC were unlikely to get in over their heads with the mortgage mess? I think so (so now I think I am in love). "There will be a hell of a mess in these derivative books eventually," he said. WSC has a CAPS rating of 8. P/E is 25.6 (even the analysts think a lot of WSC and Munger). A statement Mr. Munger made at the recent WSC stock holder's meeting was "When I was young, Bank of America – would not have done things they do now." (No truer love than this love and warm fuzzy feeling than I feel now). Thanks to fellow CAPS player chk999 for turning me on to WSC. Much of this information I obtain from articles of AP Business, and some from Seeking Alpha. Berkshire has a policy of having a succession plan in place for it's business. http://seekingalpha.com/article/76538-2008-wesco-shareholder... http://biz.yahoo.com/ap/080516/buffett_s_no_2_man.html?.v=1 http://biz.yahoo.com/ap/080507/wesco_shareholders.html?.v=2 Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (WSC) chk999 (99.98) Submitted: 6/28/08 8:21 PM : Start Price: $376.00 WSC Score: 2.96 Trading at a lower than average ratio with BRK. (Thanks to mungofitch on the brk board.) Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (WSC) NWTOGME (< 20) Submitted: 6/17/08 6:55 AM : Start Price: $410.00 WSC Score: 1.00 Nice spot for out perform. Going with the scouter, scouter knows. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out. Recs 0 (WSC) YoungInvestor99 (31.11) Submitted: 5/04/08 4:51 PM : Start Price: $449.26 WSC Score: -4.48 Charlie Munger. This is a pretty small company for a market cap of only $3bil. Maybe it will be like a mini version of the next berkshire? It does not look like their splitting the price @ 440, but I don't know if they have in the past. Report this Post Replies: 0 \| Reply \| Permalink Oops! There appears to be a problem with your comment. Check to see if there's something you left out.
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	TrackBuffett	46.75	09/30/07		NS	$396.88	-2.99%	-16.63%	+13.64
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