3 Comments
User's avatar
SHP's avatar

Good deeper dive, but opentext was not the best Peer imho

What about Manhatten or Descartes?

Expand full comment
Capital Incentives's avatar

Thanks for the response. I picked OpenText to focus on because of the similarities in EDI and target customers. I touched on Manhattan when looking at cost structure, but Manhattan is quite a bit larger than SPS and OpenText. As I do more updates on SPS I'll loop in and track Descartes more.

Expand full comment
SHP's avatar

Thank you! Would appreciate covering Descartes as well. I watch both and unfortunately both are just running north. In general I would prefer Descartes due to history, but valuation is more lofty at the moment than the valuation of SPSC. Probably I start a small watch-position in SPSC.

Expand full comment