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The Weekly Buzzing Stocks by Billy Kawasaki WEX Inc WEX-N TOP PICK Feb 08, 2024

Wex inc. (nyse: wex) is a leading global provider of corporate payment solutions that enable its customers to manage their businesses more efficiently, with enhanced security and greater control over their costs. from its roots in fleet card payments beginning in 1983, wex has expanded its scope to become a multi-channel provider of corporate payment solutions with millions of cardholders across several growing market sectors including travel, health care and employee benefits. our focus is on providing exceptional payment security and control for a vast spectrum of payment sectors while delivering an exceptional experience so that our customers – whether large or small – can operate efficiently, securely and profitably. the company has operations in north and south america, europe, australia, new zealand, and asia, and employs more than 2,000 associates. for more information about wex, please visit www.wexinc.com.

$210.250

Stock price when the opinion was issued

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TOP PICK
Do payment processing for large auto fleets. Have about $6,000,000 vehicles they service. They have control over exactly what is charged to the card. Just bought it.
PAST TOP PICK

(A Top Pick Jan 11/12. Up 38.84%.) Payment processing company for large fleets such as trucking fleets, government car fleets.

TOP PICK

Software for fleet management, which is about 60% of its business. Controls the spend and the analytics of trucking. Adds efficiency and control to businesses. Growing organically 14-16% annually, yet trades at 13x earnings. Not well known, hidden in the weeds, take advantage now. No dividend.

(Analysts’ price target is $213.23)
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

WEX offers fleet payments/fuel solutions as well as B2B payment services. It looks cheap at 13X forward earnings and typically grows in the double-digit range on the top and bottom lines. Fundamentally it is a strong company with good and consistent margins. Debt is largely covered by cash and investments. We don't see a whole lot to pick on here. 
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BUY

In his US small-cap portfolio. Payment platform. Tracking technology for transportation industries, eliminating time sheets and fuel receipts. Trades with oil prices.

PAST TOP PICK
(A Top Pick Jul 12/23, Down 1%)

Surprised it hasn't done well, because gas prices are up. WEX provides a platform for trucking (i.e. checking oil levels, locating gas stations). Is growing well, so prospects are good. Be patient.