Businessweek.com are tipping the lubricating company WD-40 (WDFC) on the basis that daily irritations of ‘squeaks, smells and dirt’ are unlikely to disappear.
The company 10 years ago after 40 years of producing just WD-40 started to buy up related companies, it now has 9 separate consumer ‘brands’
2/4rds of sales still come from WD-40 though
Over the last 4 years compounded annual growth rate has been 13%
Current PE is 18.2 falling to 15.9 in 2007 a 9% discount to its competitors
Target level for the stock is around $40+ by the end of the year
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