In February we wrote:
“Cloud based logistics business WTC delivers a great product where the only negative feedback I hear from users is the costs mount up but performance-wise they love it. The stock has corrected over 30% tracking local tech names lower but at current levels, we like the risk/reward and along with Altium (ALU) and Xero (XRO) we feel the next 20% is up.”
This morning the stocks has rallied according to plan and although we wouldn’t be chasing it above $50 any dip back under $48/9 looks good value for a stock that we can still see making fresh highs in 2022 – not a common thought across the sector this year.
MM likes WTC under $49
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