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WD-40's Valuation Defies Logic

TheMotleyFool

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Some stocks seem to have a set of valuation characteristics of their very own, and WD-40 (NASDAQ: WDFC) is definitely one of them.

Like other companies with exposure to the home improvement sector, WD-40 had a very strong August-ended quarter. In nutshell, global stay-at-home measures have encouraged a shift in spending toward DIY and spending on the home. However, WD-40's valuation looks more up than events would justify and investors need to carefully consider buying into the stock at this level.

Image source: Getty Images.

Source Fool.com

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