Just to let everyone know:
I sold out of $STNE
- I’m not convinced they are making progress in durable growth via adjacencies, which means for now I think they are basically just a payments processor.
- They are growing, but I’m not sure they have long term prospects for accelerating growth beyond the initial gold rush induced by the relevant government reforms
- I’ll monitor them for signs of accelerating growth
I sold out of $PAGS
- Basically for the same reasons as $STNE
I’ve kept my small position in $MELI
Companies in similar/adjacent spaces I need to learn more about:
$NU
$DLO
$GLBE