Hey Stock Doctor, love your work and sad to see you go for a while. I also think this is the time to be accumulating cash, and knowing when to simply step back and do nothing is a hallmark of a great investor. Hope to see you soon though and look forward to your future endeavors
Excellent article, I agree with almost everything you describe. But there's one variable that's not being considered: excess liquidity. That liquidity is a constant source of fuel for the fire that is the market. Sometimes it's good to take a step back and look at the bigger picture from a calmer, more analytical position. I hope you can resolve your personal issues outside of work; health and family always come first. Since you mentioned e-commerce, I'm wondering if you're aware of Mercado Libre. If it's not on your radar, I've dedicated an article and several posts to the company on my website. Cheers!
MELI is definitely a stock I would like to own, an amazing company. However, it is still a little too expensive for me. I don't buy stocks with a PE>30 as an arbitrary rule (I have been burned before when the growth rate slows down). I recognize higher provisioning costs are (somewhat artifically) suppressing the true earnings potential.
Kaspi and PDD have lower valuations that I am comfortable owning. I will likely start a position in MELI if it goes lower… but I may end up missing out!
Hey Stock Doctor, love your work and sad to see you go for a while. I also think this is the time to be accumulating cash, and knowing when to simply step back and do nothing is a hallmark of a great investor. Hope to see you soon though and look forward to your future endeavors
Excellent article, I agree with almost everything you describe. But there's one variable that's not being considered: excess liquidity. That liquidity is a constant source of fuel for the fire that is the market. Sometimes it's good to take a step back and look at the bigger picture from a calmer, more analytical position. I hope you can resolve your personal issues outside of work; health and family always come first. Since you mentioned e-commerce, I'm wondering if you're aware of Mercado Libre. If it's not on your radar, I've dedicated an article and several posts to the company on my website. Cheers!
MELI is definitely a stock I would like to own, an amazing company. However, it is still a little too expensive for me. I don't buy stocks with a PE>30 as an arbitrary rule (I have been burned before when the growth rate slows down). I recognize higher provisioning costs are (somewhat artifically) suppressing the true earnings potential.
Kaspi and PDD have lower valuations that I am comfortable owning. I will likely start a position in MELI if it goes lower… but I may end up missing out!
Totally agree , so well written
Thank you for sharing your insights with "your non-paying" guests. When you again pick up the
mantel please include me and i'll start with "paid". I am an animal doctor and many issues have
surfaced in the recent past on so many different levels that a significant correction will be nec-
essary to correct going forward. I share your concerns....stay well and safe passage.
Thank you, great article. Enjoy your time away. I always appreciate someone with vision and priorities. I am curious to read more after your return.