Manhattan Associates (NASDAQ: MANH) is a mid-cap provider of supply-chain, Omni-channel and inventory software to wholesalers, manufacturers and logistics providers worldwide. As stated in the company’s tear sheet, the company supply-chain solutions have been “architected to eliminate silos between warehousing and transportation” while its Omni-channel and inventory solutions allow organizations to “provide the infrastructure retailers need” and “manage forecasting, budgeting and planning”. The company has had an incredible run over the last little while (up 82% YTD – Figure 1) and by all traditional metrics seems expensive (very high PE ratio, high price to book, high price to cash flow) but I believe there is still room to run for this stock.

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Disclosure: Logos LP has no position in MANH.