Outstanding Results and ValueThe nature of these companies is they will likely always be cheap - they won't get a multiple of a tech company. But $3+ is still entirely achieveable - likely a P/E of 5 or less at current runs rates and a return of 30-40% in the next year, which on a normal year would be several times the index return. People may be underestimating the impact of this company buying back 150-200k shares every single day. This is a debt free cash flowing company, and these buybacks are the best way to bring the price back to record levels.
It will take time though, because there are people who have been holding this a long time and looking to get out, or who bought last year below $1 where it was most of the year. But look at lumber prices! Still higher! July futures now above $1600. and September approach $1500. And still, WEF has a higher yield than any competitors who mostly have none (IFP, CFP, RFP, etc. WFG 0.7% yield). WEF is still a value play in a cyclical sector that is going to move for a while. And cylicals are gaining in popularity.