"Wesco International Stock Plummets 23%: What Happened?"

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Source: Yahoo Finance
"Wesco International Stock Plummets 23%: What Happened?"
Photo: Yahoo Finance
TL;DR Summary

Wesco International stock plummeted 23% after reporting lower-than-expected sales and earnings for the fourth quarter of 2023. Despite the disappointing results, CEO John Engel remains optimistic about the company's long-term growth prospects in various end markets. Wesco's free cash flow is expected to grow by 75% in 2024, and the stock is currently trading at a fair price relative to its future cash flow and dividend yield. However, The Motley Fool's Stock Advisor analyst team did not include Wesco International in their list of top 10 stocks to buy, citing other investment opportunities with potential for significant returns.

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