STNE has started making its move and its stock has just broken out of its severe post IPO downtrend.
This is a hyper growth business (revenue growth more than doubling yoy) and seems to have a long runway for growth.
Normally, I am weary of investing in Latin America due to corporate governance concerns, but this business is backed by multiple billionaires (Buffett, Jack Ma, Walmart family, Jorge Paulo Lemann plus T. Rowe is an investor).
Despite recent run up, STNE’s valuation remains super cheap - bargain basement cheap.