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Wise Cargo movement

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The following content is a collection of random notes on WiseTech Global. The accuracy of the data has not been verified. This is not a recommendation to trade in the securities of WiseTech Global.  Chapter 1: Introduction      Boring is the journey of a carton box from the time it is taped and sealed in a remote factory in Southeast Asia. Pushed from one escalator to another, it lands in the warehouse of the factory. Here it lies waiting to be stacked into a bigger carton box. The carton box then gets loaded into a truck and then waits for the truck to be fully loaded. The fully loaded truck now carries the carton boxes to the freight terminal.  At the freight terminal it hopes that the customs paperwork has the right product description and destination details. If customs checks are cleared, the carton box is loaded into a container that will be shipped via rail, road, sea or air. The container load is verified at each international border before it reach...
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Kora Kagaz - Seshasayee Paper and Boards Ltd

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Companies are exposed to risk and volatility and hence it is a fine art to develop and sustain an enterprise for more than two decades. In this context, it is an endeavour of mine to identify companies that can survive more than two decades and thrive by reducing their exposure to risk.  Such comapnies often tend to grow slow and then grow fast.  This article covers one such company that is publicly traded but is not owned by any mutual fund. This article is not an investment advice but an endeavour to learn more about this company and to learn about what makes this company a robust enterprise.  The Enterprise:  As mentioned before, none of the mutual funds have invested in this company and it could be because this ~Rs 1,800Cr market cap company with Rs1,337 cr in reserves (and no debt) is too small for the mutual fund industry. However, this 60 year old company is old enough to have seen multiple wars, draughts, financial and political crisis.  Boring, is a wor...
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