It's getting a little disheartening to write up articles on solid
companies with good prospects but demanding/rich valuations. But then
that's not exactly a surprise given how strong the markets have been for
some time now.
That brings me to WEX (WEX)
- the latest entry on the "keep an eye on this if it gets cheaper"
list. WEX has a very good business in its fleet card operations, and one
where I believe there's still good growth prospects. Likewise, while
the growth of virtual card business will bring overall margins down, the
growth potential there is worth the margin compression in my opinion.
It's really just a question of what you want to pay, as it is
challenging (at best) to work up a scenario where WEX really looks like a
cheap stock.
To read more, please follow this link:
WEX Has The Growth, But How Much Do You Want To Pay For It?
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