Very good interview - no doubt Richard has a good vision and...

Very good interview - no doubt Richard has a good vision and cares about the business.

I really like WTC as a company and their roadmap makes a lot of sense, however - all these good/great things are more than baked into the stock price. The valuation is still way to high for the stock to continue to climb.

Best case scenario they report numbers next time similar to those reported this time - these numbers aren't even close to justifying the valuation. Yes you could just hold the stock and wait figuring that eventually the numbers will catch up with the stock price - but will they ?

The world has been predicting the demise of Forwarders and Brokers for the past 30 years and it hasn't happened - but there is a good chance it will. With AI and the advancement of technology in general you will eventually not need the friendly forwarder chatting with the shipper/trucker/carrier via phone or email - it will be 100pct automated systems communicating from the purchaser,factory,truck, container,carrier etc. This means all of WTC's investment in operating systems for Forwarders and Brokers is close to worthless.

It will be SAP and Oracle moving these messages around not WTC. They will /may partner with companies for the final Government filings but Descartes is way way bigger than WTC in this regard - plus you have companies like Mulesoft who will get involved.