The cloud-based logistics software business is a quality business that delivered a stellar result in February and, encouragingly, the stock has since held the majority of its gains. This business continues to deliver for shareholders, driven by Founder and CEO Richard White, who still owns over 39% of the company. This is one of our favourite three tech stocks along with Xero (XRO) and CAR Group Ltd (CAR) – the latter is firmly in MM’s sights.
- We are attracted to WTC with the risk/reward improving under $90, but the stock can be volatile; we would still call it an accumulate into weakness.
MM is bullish toward WTC
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