Intrinsic value of Wesco Aircraft Holdings - WAIR

Previous Close

$11.05

  Intrinsic Value

$7.49

stock screener

  Rating & Target

sell

-32%

Previous close

$11.05

 
Intrinsic value

$7.49

 
Up/down potential

-32%

 
Rating

sell

We calculate the intrinsic value of WAIR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  12.80
  12.02
  11.32
  10.69
  10.12
  9.61
  9.15
  8.73
  8.36
  8.02
  7.72
  7.45
  7.20
  6.98
  6.78
  6.61
  6.45
  6.30
  6.17
  6.05
  5.95
  5.85
  5.77
  5.69
  5.62
  5.56
  5.50
  5.45
  5.41
  5.37
Revenue, $m
  1,612
  1,806
  2,011
  2,225
  2,451
  2,686
  2,932
  3,188
  3,454
  3,731
  4,019
  4,319
  4,630
  4,953
  5,289
  5,638
  6,002
  6,380
  6,774
  7,184
  7,611
  8,056
  8,521
  9,006
  9,512
  10,041
  10,594
  11,172
  11,776
  12,408
Variable operating expenses, $m
  1,433
  1,599
  1,775
  1,960
  2,154
  2,357
  2,568
  2,789
  3,018
  3,257
  3,460
  3,718
  3,986
  4,264
  4,553
  4,854
  5,167
  5,492
  5,831
  6,184
  6,552
  6,936
  7,336
  7,753
  8,189
  8,644
  9,120
  9,617
  10,138
  10,682
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,433
  1,599
  1,775
  1,960
  2,154
  2,357
  2,568
  2,789
  3,018
  3,257
  3,460
  3,718
  3,986
  4,264
  4,553
  4,854
  5,167
  5,492
  5,831
  6,184
  6,552
  6,936
  7,336
  7,753
  8,189
  8,644
  9,120
  9,617
  10,138
  10,682
Operating income, $m
  180
  207
  235
  265
  296
  329
  363
  399
  436
  475
  559
  601
  644
  689
  736
  784
  835
  888
  942
  999
  1,059
  1,121
  1,186
  1,253
  1,323
  1,397
  1,474
  1,554
  1,638
  1,726
EBITDA, $m
  242
  271
  301
  333
  367
  402
  439
  478
  517
  559
  602
  647
  694
  742
  792
  845
  899
  956
  1,015
  1,076
  1,140
  1,207
  1,277
  1,349
  1,425
  1,504
  1,587
  1,674
  1,764
  1,859
Interest expense (income), $m
  33
  47
  55
  63
  71
  80
  90
  99
  110
  120
  131
  143
  155
  168
  181
  194
  208
  223
  238
  254
  270
  287
  305
  324
  343
  363
  384
  406
  429
  454
  479
Earnings before tax, $m
  133
  152
  173
  194
  216
  240
  264
  289
  316
  343
  416
  446
  477
  509
  542
  576
  612
  650
  689
  729
  772
  816
  862
  910
  960
  1,013
  1,067
  1,125
  1,185
  1,247
Tax expense, $m
  36
  41
  47
  52
  58
  65
  71
  78
  85
  93
  112
  120
  129
  137
  146
  156
  165
  175
  186
  197
  208
  220
  233
  246
  259
  273
  288
  304
  320
  337
Net income, $m
  97
  111
  126
  142
  158
  175
  193
  211
  230
  251
  304
  325
  348
  371
  396
  421
  447
  474
  503
  532
  563
  596
  629
  664
  701
  739
  779
  821
  865
  911

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,978
  2,216
  2,467
  2,731
  3,007
  3,296
  3,597
  3,911
  4,238
  4,578
  4,932
  5,299
  5,680
  6,077
  6,489
  6,918
  7,364
  7,828
  8,311
  8,814
  9,338
  9,885
  10,455
  11,050
  11,672
  12,321
  12,999
  13,708
  14,449
  15,224
Adjusted assets (=assets-cash), $m
  1,978
  2,216
  2,467
  2,731
  3,007
  3,296
  3,597
  3,911
  4,238
  4,578
  4,932
  5,299
  5,680
  6,077
  6,489
  6,918
  7,364
  7,828
  8,311
  8,814
  9,338
  9,885
  10,455
  11,050
  11,672
  12,321
  12,999
  13,708
  14,449
  15,224
Revenue / Adjusted assets
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
  0.815
Average production assets, $m
  401
  450
  501
  554
  610
  669
  730
  794
  860
  929
  1,001
  1,075
  1,153
  1,233
  1,317
  1,404
  1,494
  1,589
  1,687
  1,789
  1,895
  2,006
  2,122
  2,243
  2,369
  2,500
  2,638
  2,782
  2,932
  3,090
Working capital, $m
  806
  903
  1,005
  1,113
  1,225
  1,343
  1,466
  1,594
  1,727
  1,866
  2,010
  2,159
  2,315
  2,476
  2,644
  2,819
  3,001
  3,190
  3,387
  3,592
  3,805
  4,028
  4,261
  4,503
  4,756
  5,021
  5,297
  5,586
  5,888
  6,204
Total debt, $m
  1,011
  1,161
  1,319
  1,485
  1,659
  1,841
  2,031
  2,229
  2,434
  2,649
  2,871
  3,103
  3,343
  3,593
  3,853
  4,123
  4,404
  4,696
  5,000
  5,317
  5,648
  5,992
  6,351
  6,726
  7,118
  7,526
  7,954
  8,400
  8,867
  9,356
Total liabilities, $m
  1,246
  1,396
  1,554
  1,720
  1,894
  2,076
  2,266
  2,464
  2,670
  2,884
  3,107
  3,338
  3,579
  3,829
  4,088
  4,358
  4,639
  4,932
  5,236
  5,553
  5,883
  6,228
  6,587
  6,962
  7,353
  7,762
  8,189
  8,636
  9,103
  9,591
Total equity, $m
  732
  820
  913
  1,010
  1,113
  1,219
  1,331
  1,447
  1,568
  1,694
  1,825
  1,961
  2,102
  2,249
  2,401
  2,560
  2,725
  2,896
  3,075
  3,261
  3,455
  3,657
  3,868
  4,089
  4,318
  4,559
  4,810
  5,072
  5,346
  5,633
Total liabilities and equity, $m
  1,978
  2,216
  2,467
  2,730
  3,007
  3,295
  3,597
  3,911
  4,238
  4,578
  4,932
  5,299
  5,681
  6,078
  6,489
  6,918
  7,364
  7,828
  8,311
  8,814
  9,338
  9,885
  10,455
  11,051
  11,671
  12,321
  12,999
  13,708
  14,449
  15,224
Debt-to-equity ratio
  1.380
  1.420
  1.440
  1.470
  1.490
  1.510
  1.530
  1.540
  1.550
  1.560
  1.570
  1.580
  1.590
  1.600
  1.600
  1.610
  1.620
  1.620
  1.630
  1.630
  1.630
  1.640
  1.640
  1.650
  1.650
  1.650
  1.650
  1.660
  1.660
  1.660
Adjusted equity ratio
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  97
  111
  126
  142
  158
  175
  193
  211
  230
  251
  304
  325
  348
  371
  396
  421
  447
  474
  503
  532
  563
  596
  629
  664
  701
  739
  779
  821
  865
  911
Depreciation, amort., depletion, $m
  62
  64
  66
  68
  71
  73
  76
  79
  81
  84
  43
  46
  49
  53
  57
  60
  64
  68
  72
  77
  81
  86
  91
  96
  102
  107
  113
  119
  126
  133
Funds from operations, $m
  159
  175
  192
  210
  229
  248
  269
  290
  312
  335
  347
  372
  397
  424
  452
  481
  511
  543
  575
  609
  645
  682
  720
  761
  803
  847
  892
  940
  991
  1,043
Change in working capital, $m
  91
  97
  102
  107
  113
  118
  123
  128
  133
  139
  144
  150
  156
  162
  168
  175
  182
  189
  197
  205
  214
  223
  232
  242
  253
  264
  276
  289
  302
  316
Cash from operations, $m
  67
  78
  90
  102
  116
  130
  146
  162
  179
  196
  203
  222
  242
  263
  284
  306
  329
  353
  378
  404
  431
  459
  488
  518
  549
  582
  616
  652
  689
  727
Maintenance CAPEX, $m
  -15
  -17
  -19
  -21
  -24
  -26
  -29
  -31
  -34
  -37
  -40
  -43
  -46
  -49
  -53
  -57
  -60
  -64
  -68
  -72
  -77
  -81
  -86
  -91
  -96
  -102
  -107
  -113
  -119
  -126
New CAPEX, $m
  -46
  -48
  -51
  -54
  -56
  -59
  -61
  -64
  -66
  -69
  -72
  -75
  -77
  -80
  -84
  -87
  -90
  -94
  -98
  -102
  -106
  -111
  -116
  -121
  -126
  -132
  -138
  -144
  -150
  -157
Cash from investing activities, $m
  -61
  -65
  -70
  -75
  -80
  -85
  -90
  -95
  -100
  -106
  -112
  -118
  -123
  -129
  -137
  -144
  -150
  -158
  -166
  -174
  -183
  -192
  -202
  -212
  -222
  -234
  -245
  -257
  -269
  -283
Free cash flow, $m
  6
  13
  20
  27
  36
  46
  56
  67
  78
  90
  91
  104
  118
  133
  147
  163
  179
  195
  212
  230
  248
  267
  286
  306
  327
  349
  371
  395
  419
  444
Issuance/(repayment) of debt, $m
  142
  150
  158
  166
  174
  182
  190
  198
  206
  214
  223
  231
  240
  250
  260
  270
  281
  292
  304
  317
  330
  344
  359
  375
  391
  409
  427
  447
  467
  489
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  142
  150
  158
  166
  174
  182
  190
  198
  206
  214
  223
  231
  240
  250
  260
  270
  281
  292
  304
  317
  330
  344
  359
  375
  391
  409
  427
  447
  467
  489
Total cash flow (excl. dividends), $m
  148
  162
  178
  194
  210
  228
  246
  265
  284
  305
  314
  336
  359
  382
  407
  433
  460
  487
  516
  547
  578
  611
  645
  681
  719
  758
  798
  841
  886
  933
Retained Cash Flow (-), $m
  -82
  -88
  -93
  -98
  -102
  -107
  -112
  -116
  -121
  -126
  -131
  -136
  -141
  -147
  -153
  -159
  -165
  -172
  -179
  -186
  -194
  -202
  -211
  -220
  -230
  -240
  -251
  -262
  -274
  -287
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  65
  74
  85
  96
  108
  121
  134
  148
  163
  179
  183
  200
  217
  236
  255
  274
  295
  316
  338
  361
  384
  409
  434
  461
  489
  517
  548
  579
  612
  646
Discount rate, %
  9.90
  10.40
  10.91
  11.46
  12.03
  12.64
  13.27
  13.93
  14.63
  15.36
  16.13
  16.93
  17.78
  18.67
  19.60
  20.58
  21.61
  22.69
  23.83
  25.02
  26.27
  27.58
  28.96
  30.41
  31.93
  33.52
  35.20
  36.96
  38.81
  40.75
PV of cash for distribution, $m
  60
  61
  62
  62
  61
  59
  56
  52
  48
  43
  35
  31
  26
  21
  17
  14
  11
  8
  6
  4
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Wesco Aircraft Holdings, Inc. is a distributor and provider of supply chain management services to the global aerospace industry. The Company operates through two segments: North America and Rest of World. As of September 30, 2016, the Company supplied over 565,000 active stock-keeping units (SKUs), including C-class hardware, chemicals, electronic components, bearings, tools and machined parts. The Company's products include Hardware, Chemicals, Electronic Components, Bearings and Other Products. Its Services include Quality Assurance, Kitting and JIT Supply Chain Management. It caters to commercial, military and general aviation sectors, including the original equipment manufacturers (OEMs) and their subcontractors, through which it supports various Western aircraft programs, and also sells products to airline-affiliated and independent maintenance, repair and overhaul (MRO) providers. It also services industrial customers.

FINANCIAL RATIOS  of  Wesco Aircraft Holdings (WAIR)

Valuation Ratios
P/E Ratio -4.6
Price to Sales 0.8
Price to Book 1.7
Price to Tangible Book
Price to Cash Flow -40.7
Price to Free Cash Flow -30.5
Growth Rates
Sales Growth Rate -3.2%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -35.7%
Cap. Spend. - 3 Yr. Gr. Rate -3.9%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 121.7%
Total Debt to Equity 133.7%
Interest Coverage -7
Management Effectiveness
Return On Assets -11.1%
Ret/ On Assets - 3 Yr. Avg. -3.9%
Return On Total Capital -14.6%
Ret/ On T. Cap. - 3 Yr. Avg. -5.8%
Return On Equity -30.9%
Return On Equity - 3 Yr. Avg. -12.4%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 25.3%
Gross Margin - 3 Yr. Avg. 24.6%
EBITDA Margin -13.1%
EBITDA Margin - 3 Yr. Avg. -4.5%
Operating Margin -14.6%
Oper. Margin - 3 Yr. Avg. -5.9%
Pre-Tax Margin -17.4%
Pre-Tax Margin - 3 Yr. Avg. -8.3%
Net Profit Margin -16.6%
Net Profit Margin - 3 Yr. Avg. -6.9%
Effective Tax Rate 4.4%
Eff/ Tax Rate - 3 Yr. Avg. 22.7%
Payout Ratio 0%

WAIR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the WAIR stock intrinsic value calculation we used $1429.429 million for the last fiscal year's total revenue generated by Wesco Aircraft Holdings. The default revenue input number comes from 0001 income statement of Wesco Aircraft Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our WAIR stock valuation model: a) initial revenue growth rate of 12.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.9%, whose default value for WAIR is calculated based on our internal credit rating of Wesco Aircraft Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Wesco Aircraft Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of WAIR stock the variable cost ratio is equal to 89.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for WAIR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Wesco Aircraft Holdings.

Corporate tax rate of 27% is the nominal tax rate for Wesco Aircraft Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the WAIR stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for WAIR are equal to 24.9%.

Life of production assets of 23.3 years is the average useful life of capital assets used in Wesco Aircraft Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for WAIR is equal to 50%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $649.731 million for Wesco Aircraft Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 99.494 million for Wesco Aircraft Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Wesco Aircraft Holdings at the current share price and the inputted number of shares is $1.1 billion.

RELATED COMPANIES Price Int.Val. Rating
FAST Fastenal 55.86 32.85  sell
GWW W.W. Grainger 300.38 249.51  sell
BA Boeing 344.72 146.32  str.sell
HEI Heico 82.60 150.49  str.buy
KLXI KLX 62.97 81.70  hold
TXT Textron 56.01 44.94  sell
GD General Dynami 179.84 416.37  str.buy

COMPANY NEWS

▶ Wesco Aircraft: Fiscal 4Q Earnings Snapshot   [05:04PM  Associated Press]
▶ 7 Aerospace Stocks to Buy That Were Previously Grounded   [Nov-12-18 02:54PM  InvestorPlace]
▶ Wesco Aircraft: Fiscal 3Q Earnings Snapshot   [Aug-02-18 06:46PM  Associated Press]
▶ Wesco Aircraft Renews Multi-Year Agreement with BAE Systems   [Jul-16-18 04:00AM  GlobeNewswire]
▶ Trumps Tariff Turmoil Shoots Down These 3 Aerospace Stocks   [Jul-11-18 12:10PM  InvestorPlace]
▶ Lockheed Martin Wins $365M Deal for its Missiles Programs   [Jun-22-18 01:35PM  InvestorPlace]
▶ 5 Defense Stocks to Tap US-North Korea Denuclearization Row   [May-17-18 03:10PM  InvestorPlace]
▶ Boeing's Latest Deal Is a Blow to Wesco Aircraft   [May-07-18 04:16PM  Motley Fool]
▶ Wesco Aircraft: Fiscal 2Q Earnings Snapshot   [05:11AM  Associated Press]
▶ Wesco Aircraft Launches Wesco 2020 Building the Future   [May-03-18 04:15PM  GlobeNewswire]
▶ 5 Solid Stocks to Buy on Robust Durable Orders   [Apr-27-18 09:36AM  Zacks]
▶ Potential Tax Loss Selling Stock Results? Lumpy   [Apr-23-18 12:00PM  TheStreet.com]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.