WELCOME TO WILSEY ASSET MANAGEMENT
At Wilsey Asset Management, our main goal is to provide attractive returns for clients on their investments by using a common sense approach to investing through an Individualized Concentrated Value Portfolio. Brent Wilsey, the President of Wilsey Asset Management, has been in the investment arena for 30 years and uses the old principle of buying low and selling high. This is all based on a fundamental analysis of a company’s financial statements. There is no emotion or hype in investing at Wilsey Asset Management, which is why our motto stands strong "No Emotions, Just Results". All final investment decisions are made by Brent. His money is invested the same as yours with no sales commissions; an advisory fee-only based on account value. Financial independence starts with Wilsey Asset Management.
Whatever your goals, we can help you get there
Our commitment to you; our staff consists of experienced professionals with a "hands-on" approach to financial guidance. Not only will you find our team members knowledgeable, but you will also discover that our staff truly cares about making your dreams a reality. As your Financial Professionals, we will do everything in our power to keep you focused on where you want to go, advise you on how to get there, and continually remind you of the importance of maintaining a disciplined approach to realizing your dreams.
Daily Economic Update
February 4th, 2016
Are the wheels coming off of Tesla stock?
I have posted concerns on Tesla stock in the past, and in trading today the stock touched $166 a share and is roughly 40% below the high of $280 per share. Demand for the cars could be falling as gas prices at the pump continue to stay low. In addition to that, the big auto companies have been pushing out their electric vehicles to meet regulations so they can sell more of the SUVs, which are very profitable. Tesla reports earnings next Wednesday after the market closes, and they are estimating to make their first profit for the quarter of two cents. However for the full year of 2015, they are estimated to lose $3.12. If they don't hit that earnings estimate the stock could dive deeper from current levels.
I always say I love the car but I hate the stock; the financials of this company are a nightmare! If you own it look into selling it now. And if you don't, do not think it is a great buy now... stay away!