We Might Go 50%+ Into This One Stock
New Position Investment Thesis Part 2
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There’s an old saying in poker:
“If you don’t see the edge, you’re the edge.”
This time, the edge is obvious.
We’ve just made what could become our largest position.
In fact, we’ve already started trimming elsewhere to double down here.
There’s a buyout offer on the table, expected to finalise in the next few weeks.
If accepted, it’s a clean, quick return of 10–20%.
If not, we’re left holding one of the best-run companies in fintech.
A founder-led machine, trading at a cheap multiple, throwing off real cash, with plenty of reinvestment opportunities and buybacks underway.
That’s not a loss.
That’s a blessing.
📌 Heads you win. Tails you win more.
This is easily the most asymmetric setup we’ve come across.
And it’s all playing out over the next few weeks.
For full access to the deep dive, our fair value estimate, the acquisition mechanics, and why we think this business still doubles even without the deal, we’re offering a 25% weekend-only discount on our yearly plan.
You can get that here if you want: