Brazil fintech is very competitive indeed. For BATS, I think otherwise that the new products and the ability to scale new category is much better than before. They can use that playbook for Cannabis, or Energy boosts and things like this
Yeah could possibly be true. Just the drop off in growth was actually a bit too much for me. 40% to 26% in a single year. If that drops to 10-15% it will take forever before it will add earnings that are material at this valuation.
Yeah, they need to be cheaper than PAGS currently is. Sometimes you only really know how you truly feel about a stock when you actually hold a position.
Im still comfortable with financial stocks in EM when they are absurdly cheap and have 15-20% dividend yields like with HSBK. If you are getting that much of your money back every year it greatly derisks the thesis. Which is also lacking with PAGS.
I have the worst timing sometimes:
https://seekingalpha.com/news/4005175-hollysys-automation-gains-on-report-management-buyout-consortium-finalized
Luckily I saw thi on time and ramped my position back up to 14% at low $17.
Brazil fintech is very competitive indeed. For BATS, I think otherwise that the new products and the ability to scale new category is much better than before. They can use that playbook for Cannabis, or Energy boosts and things like this
Yeah could possibly be true. Just the drop off in growth was actually a bit too much for me. 40% to 26% in a single year. If that drops to 10-15% it will take forever before it will add earnings that are material at this valuation.
Yeah, they need to be cheaper than PAGS currently is. Sometimes you only really know how you truly feel about a stock when you actually hold a position.
Im still comfortable with financial stocks in EM when they are absurdly cheap and have 15-20% dividend yields like with HSBK. If you are getting that much of your money back every year it greatly derisks the thesis. Which is also lacking with PAGS.