I am taking Wesco off of my Watch List
As you probably have read, Berkshire Hathaway has offered to purchase the remaining shares of Wesco Financial [stckqut]WSC[/stckqut] that the company currently does not own. I assume this offer will be accepted (although there is a chance that the price will have to increase). Based on this news, I am removing Wesco from my Watch List as I cannot confidently say that the price of the stock will increase dramatically from this point.
I do not encourage you to expand your position in the stock from this point. If you would like to hold on to the stock to look for a better price from Warren Buffett, that is your choice.