Or the Wisetech management team believe the share price is undervalued (even though optically it looks expensive in the short term).
Buffett regrets issuing equity for all his past acquisitions and if he had his time again, he has said he would exclusively use debt/and or cash. Dexter shoes was the prime example of where issuing equity meant over time, they’d severely overpaid.
WTC Price at posting:
$106.93 Sentiment: Buy Disclosure: Held
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