Descartes | StockChase
243
Descartes (DSG-T)

Last Price Recorded: $39.5600 on 2017-11-21

ON STOCKCHASE SINCE Oct 2000

B to B space. Contracts with Ariba and BC Emergis. Get paid every time somebody uses it.

computer software/processing

Descartes


Signal Opinion Expert

2017-11-14

COMMENT
Descartes (DSG-T)

He likes this company. A “software as a service” business model. Has very consistent revenues. For guidance, they say “whatever our revenue was this quarter, that is our guidance for the next quarter”. This usually works and they add a couple of percentage points to it. Trading at a really high multiple, but that’s because they have this great recurring revenue model. Once a customer gets entrenched with their offering, it would be such a hassle for them to switch over to something else. Very consistent for a tech company.

computer software/processing
Ryan Modesto

Managing Partner, 5i Research

Price: $38.040
Owned: Unknown

2017-11-07

TOP PICK
Descartes (DSG-T)

One of her favourite Canadian technology stocks. This grows organically and by acquisition, and through e-commerce.

computer software/processing
Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $37.480
Owned: Yes

2017-10-04

PAST TOP PICK
Descartes (DSG-T)

(A Top Pick July/16. Up 44.92%.) Investors like this name because of its predictability. When a quarter starts, because of so much recurring revenues, they already know what 90% of revenue is going to look like. Because of this, they spend the last 90 days of the quarter trying to get the next 10% in. It is always a non-event when they come out with quarters, and portfolio managers love that, and pay up for it. A growth story and a play on global trade and on increasing returns on cross-border traffic. A very good, long term story.

computer software/processing
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $35.160
Owned: Yes

2017-07-24

BUY
Descartes (DSG-T)

It is really quite a good company.  There is no question about it.  He always likes to see an upward trend in the return on capital, which we have.  Valuation is a little rich, but when you have a high quality company it tends to be justified.

computer software/processing
Matt Kacur

President, FSA Financial Science and Art

Price: $31.330
Owned: Unknown

2017-07-21

COMMENT
Descartes (DSG-T)

A lot of technology companies sell beyond multiples he looks at as a value investor. This one has always been an extremely good company. They are at the forefront of their technology. Longer-term they are in a very good place. Trading at 52X forward earnings. You have to grow a whole lot to justify those kinds of multiples.

computer software/processing
Michael Sprung

President, Sprung Investment Management

Price: $30.790
Owned: No

2017-07-19

TOP PICK
Descartes (DSG-T)

This is a growth stock, and is a beneficiary of what is happening with delivery. It is a logistics company, and the more delivery there is of anything, then this company is a beneficiary. Also, it is a growth by acquisition story and interest rates are great for them. (Analysts’ price target is $36.29.)

computer software/processing
Veronika Hirsch

Chief Investment Officer, Arrow Capital

Price: $31.020
Owned: Yes

2017-06-28

DON'T BUY
Descartes (DSG-T)

Technology companies tend to do particularly well in the fall. This one tends to bottom out about mid-August through to the middle of January. The average gain for that period is about 25% over the past 15 years. Currently, there is not much of a breakdown, but it is trying to push below its 50-day moving average. This implies that the buying pressure is no longer there. There is short-term resistance with the 20-day coming in at around $33.

computer software/processing
Jon Vialoux

Research Analyst, Timingthemarket.ca & Equityclock.com

Price: $32.200
Owned: Unknown

2017-05-05

TOP PICK
Descartes (DSG-T)

A boring name, but stable. Every portfolio needs some boring names. There wasn’t any particular catalyst this year, but it is up 30%+ in the last 12 months. He likes the recurring income stream. At the start of every quarter, they know what 90% of their sales will be, and they spend the next 90 days working on that last 10%. That predictability is what investors like. (Analysts’ price target is $25.47.)

computer software/processing
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $31.770
Owned: Yes

2017-05-03

BUY
Descartes (DSG-T)

The chart is showing a pretty darn good upward trend. He wouldn’t call it super overbought. A great looking chart. If he is right about the market taking a breather in the next month or 2, you might get an opportunity at a lower price.

computer software/processing
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $31.380
Owned: Unknown

2017-04-03

WATCH
Descartes (DSG-T)

The big trend is pretty good.  It might be overbought at this time and if it pulled back to the trend line you could buy it.

computer software/processing
Keith Richards

Portfolio Manager, ValueTrend Wealth Management

Price: $30.960
Owned: Unknown

2016-11-04

PAST TOP PICK
Descartes (DSG-T)

(A Top Pick Aug 7/15. Up 24.62%.) Transportation software, speeding things along whether shipping by truck, train, boat, plane. This is not cheap, as 85% of their revenue is recurring, and people like the visibility of that. Earnings growth is forecast to be 15% for the Jan 2018 year end against a 23 PE. It should continue to do well over the next 3 years because of the high recurring revenue.

computer software/processing
Robert McWhirter

President, Selective Asset Management

Price: $27.390
Owned: No

2016-11-02

COMMENT
Descartes (DSG-T)

A logistics software company. They’ve made a couple of good acquisitions and are expanding into Europe. A nice little company, good balance sheet, good acquisitions, good growth and very good growth expected over 2017 to 2016. He would put this in the top 25% of Canadian tech names.

computer software/processing
Peter Hodson

CEO & Head of Research, 5i Research Inc.

Price: $27.290
Owned: No

2016-10-04

PAST TOP PICK
Descartes (DSG-T)

(A Top Pick Nov 24/15. Up 10.5%.) Everyone should have this in their portfolio. It is low maintenance. At the beginning of the quarter, they know what 90% of the revenues are, and spend the next 90 days getting the extra 10%. A nice play on global logistics and global growth.

computer software/processing
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $27.840
Owned: Yes

2016-07-06

TOP PICK
Descartes (DSG-T)

Every portfolio should have some low maintenance stocks and this is one. At the beginning of every quarter they know what 90% of their quarterly revenues are going to look like, and spend the next 90 days getting the next 10%. Investors like the stability and consistently on this, as well as the long-term growth.

computer software/processing
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $24.240
Owned: Yes

2016-06-10

COMMENT
Descartes (DSG-T)

What he really likes is this company’s predictability. At the start of every quarter they know what 90% of the revenues are going to be for the next 90 days, so they spend the rest of the quarter getting that last 10% in. As a consequence, it trades at high valuations, but he likes the long-term story. It is a play on global trade and logistics.

computer software/processing
Jerome Hass

Portfolio Manager, Lightwater Partners

Price: $25.390
Owned: Yes

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