It's a little hard to claim that a stock that has doubled since late October 2020 may not be getting its full due, but such is the case with WESCO (WCC).
Given the company's leverage to electrical distribution and growth in electrification, data centers, and utility spending, I think there's a solid case for WESCO outgrowing GDP by around 100bp-125bp over the next decade. Add in the greater scale from the Anixter deal, in what is often a scale-driven business, and I think there's an argument for double-digit FCF growth and meaningful share upside from here.
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