Normally I would consider that a company that will be loss making unto, calendar 2014 but which at a 493p share price trades on a 2014 PE ratio of 103 would be a slam dunk sell. Wandisco (WAND) is just that company and it cannot be described as a tradition Benjamin Graham style value investment. But before Lucien Miers thinks about shorting the stock, I suggest that he reads on. This is not as simple as it sounds.
Wandisco sounds like a seedy night club in Corfu. I fact I think I have been there. But in fact it stands for Wide Area Network Distributed Computing. Based in the US since its conception in 2005 its patented software allows developers in different locations to work simultaneously, creating a seamless global network. Users at every site where Wandisco is installed have local access to the same data at all times, which means that they can make changes locally and see each other’s changes immediately.
The four key points about this technology are that
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