Vested with an initial price at US$53.50.
This is the 2nd company that I am writing under this series. Currently my average price is at around S$45+ and it is the biggest position I have in my portfolio.
I do believe, despite its current market share of about $5bn and the significant price gain, the company is still relatively unknown and few has written about this company.
Thus, I do hope this will provide my readers with an understanding of my opinion about this big unknown company.
Part 1 – What the Company Does?
Taken directly from their website, "Cerence is the world’s leading provider of automotive assistants, creating intelligent, flexible and intuitive in-car experiences for the world’s leading automakers. With deep integration with the car itself and the flexibility to bring drivers’ expansive digital life into the car, we stand in a league of our own."
In human language,...