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.
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Source Fool.com