WD-40 Stock: Buy the Dip?
WD-40 (NASDAQ: WDFC) stock's valuation has had a mind of its own in recent years. However, the stock has sold off heavily after its second-quarter fiscal 2021 earnings report revealed some significant supply chain difficulties in the Americas region. Is now a good time to take advantage and buy some WD-40 stock? Here's what you need to know.
The second-quarter earnings report and the market's adverse reaction to it must have left some investors scratching their heads. After all, net sales increased 12% in the quarter, and management raised its full-year sales guidance from a range of $435 million to $470 million to a new range of $445 million to $475 million. So what's not to like about it all?
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Source Fool.com
