Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
WTC has long been on my Watchlist as I regard it as a high quality company , with great client retention With the recent market sell off and a reduction in the SP to mid $80's what is MM current view on this company I read somewhere that it is Goldman Sachs view that upcoming earnings for WTC could disappoint ? I would appreciate your thoughts General Advice only Thanks
Hi David,
Like yourself we regard WTC as a quality operator and we know from a few friends their offering is regarded by them as the best, and while its expensive its also hard to move on from i.e. hence the great client retention.
This cloud-based logistics software business reports on the 21st of the month and we should all be aware that WTC is historically very volatile on reporting day, with an average earnings surprise of over 13%, leading to an average 10.7% move in share price on the day of reporting i.e. another stock not for the faint hearted.
Hence buying weakness in the $70-75 area looks appealing but this could change on the 21st. We would be reticent to buy pre-results.
Take a free trial.
No payment details required.
Forgot password? Request a One Time Password or reset your password
One Time Password
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
A link to create a new password will be sent to the email address you have registered to your account.
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.
