Here’s Blue Tower Asset Management’s Investment Thesis for Wesco International (WCC)

Blue Tower Asset Management, an asset management company, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. Blue Tower Asset Management’s Global Value strategy returned 8.80% in Q3 (9.08% gross) driven by the strong performance of the fund’s largest position, Enova (NYSE: ENVA), which gained 34.6%. Reduced interest rates tend to positively impact most stocks, and are particularly advantageous for the portfolio, which has primarily invested in companies with smaller market capitalizations over the years. In addition, please check the fund’s...