4 Reasons I Just Bought WEX Stock

Recently, I bought shares of niche payments-solutions company WEX (NYSE: WEX).

WEX operates a payments network. This is similar to credit cards and an important business considering the ongoing rise of digital transactions. But WEX's system is special -- its fuel cards and other services collect information so companies can monitor their employees' spending, preventing fraud. This niche service is likely to stay in demand. WEX can leverage its customer relationships to offer additional services from all three of its categories: fleet (fuel and vehicle maintenance), travel, and health. And it can leverage its leadership position to be the consolidator in its space, acquiring smaller players.

That's why I think it can beat the market, but here are four reasons to like WEX stock right now.

Source Fool.com