100% agree with what you have posted. The friends I have in the industry say more or less the same thing.
I think the factor that doesn't make this a tailwind is that Cargowise is very expensive. My understanding is that it's billed on a use basis, that is every-time you use the platform you are billed. This makes it very hard for small and medium players to realise any cost efficiencies as operating margins get squeezed.
The information that has been relayed to me suggests that a number of these smallers players simply cannot afford to stay with cargowise as the prices continue to go up. Something WTC has had to do to keep revenue growing.
My sense is that unless WTC can continue to acquire more users for cargowise they will not be able to grow revenues, which is what makes hiding organic vs acquired revenue growth so critical to an objective assessment.
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Last
$98.48 |
Change
-0.410(0.41%) |
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Open | High | Low | Value | Volume |
$97.46 | $98.48 | $97.29 | $38.76M | 394.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 176 | $98.36 |
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Price($) | Vol. | No. |
---|---|---|
$98.49 | 1136 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 255 | 98.300 |
1 | 5 | 98.200 |
1 | 227 | 98.010 |
1 | 1135 | 97.970 |
1 | 4186 | 97.950 |
Price($) | Vol. | No. |
---|---|---|
98.490 | 1136 | 1 |
98.500 | 1008 | 2 |
98.550 | 1135 | 1 |
98.610 | 227 | 1 |
98.660 | 1135 | 1 |
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