New Position - Quick Pitch: "Going International"
Revealing a new position which is my first investment overseas
As part of my earlier update at the beginning of May, I promised to notify you whenever I made any material change to my portfolio to promote transparency and accountability.
As of yesterday, I have taken a starter position in a company that happens to be my first investment overseas. In this post, I will not go over the name in detail but will quickly go over what made me start my position in this 5-minute pitch.
I’m leaving the more detailed research to be done at a later time in a more lengthy and deep post which is attuned to how I normally publish my research.
With that being said, the company that I’ve taken a position in also happens to be on fire as of late. In the last year alone, the company is up a whopping +69.4%!
But don’t let that fool you though, the company went public in 2021 and in a post-COVID world, the stock was hit and suffered an 80% drawdown before bottoming out in March of 2022.
Despite the tough valuation that investors clearly did not support, the company has grown sales at an annual CAGR of 53.2% from 2015 to 2023 and shows promising signs that the same level of growth can continue.
Trading at just over 11.5x forward EBITDA, the company that I’m referring to is….🥁🥁🥁