Stockchase Insights Descartes DSG-T BUY Nov 18, 2020

It is never cheap. It is a play on global trade and is very well managed with very high margins. If held, keep holding for the long term.

Leader in the space for years. Has gradually grown, and this continues. Future is bright. May be expensive, but it always is for such a high-quality asset. Keep holding. AVGO is his play in the sector.

A great business that keeps performing. Doesn't own it because it's expensive.

Only good things to say about the business and management (though he has a hometown Kitchener-Waterloo bias ;) Through the global lens, other companies are just as good, cheaper, with probably more growth potential.

Will benefit from tariffs; they do logistics for companies. They make the paperwork easy. A great Canadian growth story. Has owned this a long time.

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. 

Doesn't follow it closely. Its performance is a little underwhelming and there is maybe 8 to 9% upside from here. Consider CRM and IBM instead.

Is a nichy Constellation Software, concentrating on software for supply chains. The stock has seen strong growth, but at a high multiple. Tariffs are hurting short term, but should be good long term. Too nichy for him.