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Why look at Wisetech? It has enjoyed a meteoric rise since listing at 335c in April 2016. It was in the news recently, after upgrading its guidance yet again, and it is considered one of the most expensive software stocks in the world. So, it is worth buying at current levels?
Firstly, what do they do?
Wisetech is a provider of software solutions to the logistics industry. WTC develops, sells and implements software solutions that enable logistics service providers to facilitate the movement and storage of goods and information. Its technology, CargoWise One, is an integrated software solution for logistics service providers that enable its customers to execute logistics transactions and manage their operations on a database across multiple users,...Continue Reading