- WEX is one of the best fintech plays out there, offering investors exposure to a highly scalable platform at the epicenter of the cash to card migration trend.
- In the near term, the fleet segment should benefit from elevated fuel prices, while opportunities in cross-selling and digital support incremental upside to the outlook.
- Thinking long term, EV migration is the key concern but could also be an opportunity given the superior economics of EV cards.
- While WEX is not short of capital deployment options, the stock is down YTD and trades at a very reasonable P/E.
For further details see:
WEX: Fintech Compounder At A Reasonable Price