WAT - Waters Corporation: Still Struggling A Bit
2024-05-24 06:44:16 ET
Summary
- Waters Corporation reported mediocre first quarter results with the top and bottom line declining.
- According to fiscal 2024 guidance, the company is still not expecting growth but due to the wide economic moat, we should be optimistic for long-term growth.
- At this point, Waters Corporation is fairly valued at best and still not a great investment.
It has been about 18 months since my last article about Waters Corporation ( WAT ) has been published. In the article I was cautious about Waters Corporation as an investment and I wrote:
Waters Corporation: Still Struggling A Bit“With the U.S. stock market starting to collapse and some sectors and companies already displaying stock price declines of 50% and more, I still think we should pass on Waters Corporation for now, as we can find better investments. Of course, we should not always search for extremely cheap bargains. As Buffett said: it is better to invest in great businesses at a reasonable price. And the price for Waters Corporation might almost be reasonable, and we certainly are talking about a great business. Nevertheless, Waters Corporation stock is not on my shopping list right now.”