The issue is as the interviewer stated Wisetech has a very very high valuation. That valuation is based on the wishful thinking of investors who know very little about the actual business but have seen the price going up so they all jump on board and start patting each other on the back about the great investment they made.
Wisetech itself is a decent company - they don't set the stock price. As Richard kept saying "It's the market". The price will drop back to a more sensible P/E reflecting a company that makes money and has very good growth, but the silliness is over. Wisetech has organic growth built in as some clients continue their rollouts and Panalpina is brought in after the merger - however it probably won't continue to grow at such a high rate in the future years as it already has significant penetration in the market.
WTC Price at posting:
$26.37 Sentiment: Hold Disclosure: Not Held
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