CDW’s is now officially dead money — the stock is down ~25% over the past year while the S&P 500 is up 16%, and Q2 showed revenue up 10% on a layup of a number reset but operating income was down 3% thanks to “margin pressure”. Hard to get excited when the CEO’s big vision looks like “steady hand” and “all weather team” while everyone else is lapping CDW in the rally. CEO should pivot to the AI trade, but they won’t. Jump ship if you can. Bets are that this quarter will be equally unimpressive.
4 replies (most recent on top)
I sold all my CDW stock and reinvested it in fast growing tech stocks. My only regret is not doing it sooner. I encourage everyone to do the same.
Let the stock tank. Furthermore, CDW does not deserve the Olympic contract and should not be sponsoring any kind of sporting events nor plastering their name on race cars etc. while engaging in offshoring and layoffs that will ruin the lives of the people who originally made them profitable!
If this post is true i hope all those in charge have the humiliy to take heed to stock history lessons and correct course! In theory, the corporate boards at Lehman Brothers, Bear Stearns, AIG, and General Motors were paid handsome sums to oversee the activity of the executives and protect shareholders' interest. In practice, they slept as the CEOs ran the companies into the ground.
Said a while back to short it, but they took that comment down for some reason......