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Stock Deep Dive: Genevieve's Fave
A great investment opportunity
Welcome to another GRIT Stock Deep dive! This time, it was written by GRIT CEO Genevieve Roch-Decter and is one of her all-time favorites.
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Let’s get into it!
Descartes Systems (DSG-T, DSGX, US$8B Market Cap, US$93/share)
This stock has stood out in my portfolio for years and is a consistent feature in our GRIT premium newsletters. Today, I want to shine a spotlight on it once more. The company has had several recent positive developments, and I'm confident it and its stock have an auspicious future ahead.
What's Descartes all about?
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They specialize in delivering value-added IT solutions tailored to logistics and transportation. Rather than upfront licensing fees, they operate on a pay-for-use model. With a global reach spanning over 160 countries, they serve a staggering 26,000 customers.
By tracking over a billion shipments annually in real-time and processing over 24 billion transactions annually, Descartes plays a pivotal role in connecting carriers, shippers, governments, and intermediaries. Their mission? Ensuring seamless and compliant movement of shipments from point A to point B.
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Descartes, Corporate Presentation March 2024
Their customers are industry-leading companies you would recognize:
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Descartes, Corporate Presentation March 2024
DSG is a cornerstone of my portfolio for several compelling reasons:
✅ Stock Outperformance: It consistently outperforms both long and short-term.
✅ Long-Term Financial Strength: Its financials demonstrate stability and growth potential over the long haul.
✅ Recent Quarter Performance (Q4/2024): Margins have rebounded to historical averages, indicating operational efficiency.
✅ Accelerating M&A Activity: The pace of mergers and acquisitions is picking up, suggesting a proactive approach to growth.
✅ Attractive Valuation: The current valuation presents an appealing investment opportunity.
Let’s break them down:
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