Updates for my Portfolio for November 2021 For my side project, I am testing a few variables in upscaling to a larger batch and probably a final product. Seems like I would be able to progress loads faster now. My new environment seems to be reasonably paced, been feeling tired because of the shift cycle. Hope to be able to contribute more soon.
Buy Stone Co at 27 and 20
ReasonsStone Co is a Brazilian digital payments company, I guess something like Square. This company is Brazil's first non-bank merchant payments company providing solutions for electronic commerce in-store, online and mobile channels (omnichannel). Their clientele are of various sizes and Brazil is a developing nation and electronic payments are getting started.
So, initially I was selling Stone Co calls at 27 (~47x PE, historical average was about ~94x and the PE support was about ~50x) each. I noticed the opportunity pretty...