WiseTech
Wisetech is a pretty amazing business. Each additional year customers tend to spend about 20-30% more revenue on the platform. There is no one else trying to emulate what WiseTech have done, and I think they're so far ahead now that there's never going to be anyone that will emulate them.
The issue of this business is of course, just how do you price it? Such a huge potential for the company. It could become the Google of the infrastructure space, but you're paying 100 times earnings for that now.
As we've seen with Altium and as we've seen with a lot of the tech stocks, these stocks can very rapidly have 20-30% price adjustments, but the long term story is there with all of them.
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