Opinions
Michael Decter
Descartes
DSG-T
PAST TOP PICK
Oct 16, 2018
Stock price when the opinion was issued
You might be interested:
Yes, but it's also about international trade, so it could sell off again. But if you pull up the 5-10 year chart, it's a thing of beauty, and that's what you're trying to invest in. Exceptionally well managed, steady compounder. Always looks expensive, but whenever you buy it seems to be up 15-20% a year later. This dip is a great time to buy.
Excellent business that has owned for over a decade. Ability to allocate capital very good. Excellent management team that has been able to allocate capital well. Ability to generate cash flow very good. Share price appreciation spectacular. Will continue to own for the long term.
Its customers are facing difficulty with making decisions given the uncertain trade environment. We think that it will see increased uncertainties in sales and earnings guidance, but largely, it has navigated challenges well in the past (2020) and we would be comfortable holding or buying here.
Unlock Premium - Try 5i Free
Software company, specialty is supply chain management and logistics. Unique, well run, exceptionally strong balance sheet. Currently trades at a rich valuation, but typically trades even higher. Hit by trade uncertainty from Trump tariffs. Still below his buy price today. Will do well long term. No dividend.
(Analysts’ price target is $164.03)
(Past Top Pick Aug. 9, 2018, Down 8%) Adding to it and still believes in it. They've bought firms good and integrating them well. They play into e-commerce. DSG is good at crossing borders so they can partner with companies who need someone to manage the paperwork and logistics. And the more complex trade agreements become, the more Descartes will benefit.