I could not find it faster probably
@Vedran when did you jump in on StoneCo?
I came in a bit late at 56.52
Probably more of a question for @kali .
I bought the bulk of it in December 2018, but kept adding occasionally. Initial buy was for £6K from $15.xx second buy for £3.5k from $17.xx
Wow sweet, grats on you’r investment.
Ive got 2 quistions if you wouldnt mind using your time.
Are you still long in the company?
If yes, then why?
Yes I am still long, but I don’t sell investments frequently in any case.
I guess the fun question is, which companies do you think are the “next” Mercado Libre, Stone, AMD, Nvidia and Square? (Potentially very overperforming growth stock)
Disclaimer btw, don’t trust my words stoneco is my largest percentage position in my portfolio. I might just be shilling here
isn’t that always the question?
Btw, looking at MELI fundamentals. What happened in 2017/2019 period? Their EPS flushed to negative from 3.47$ in 2016 to -3.71$ at 2019… also cut dividend. looks crazy…
it was mostly investment spending on online but also a lot of deferred tax payments, hit in 2019. Could be said it is nice since it is decreasing its “debt” but if they were in US there was a chance to get a “trump” elected, who’ll forego the taxes
Net loss was $146.1 million, resulting in basic net loss per share of $2.96, due not only to the increased investment in marketing, but also a valuation allowance on deferred tax assets in Mexico and Colombia which accounted for $91.5 million and $7.2 million, respectively.
you can see in the report almost every metric is improving, except these bulk payments. But you can see similar effects in previous Q3/Q4 results as well.