Thanks for the very detailed analysis. However, me as an inexperienced investor lack a bit of a conclusion. For instance, will the margins in America return? Which growth can we expect in the coming 2 years. Are you still 100% on board with the company or are there some cracks showing in your conviction? More even, are you thinking of buying the dip? …
I’m not sure if it’s correct of me to expect these types of topics in this type of analysis. So please ignore my comment if not suitable.
beautiful analysis as usual Ali! Feels like $EVO will be able to generate even greater EPS in future fuelled by buybacks and expansion into US albeit at lower margins. Could just be the cost of doing business in the US. Curious to know wher you got the headcount split across the different territories.
Excellent analysis. Thank you Ali. I doubled my position recently since the price has followed the negative narrative. As you say, it’s not like the firm is struggling per se, but it’s more that the money they make from now on will on a blended basis likely be earned at a lower margin.
Smart, thorough and very informative as always. Thanks a lot for great analysis!
Thanks a lot for taking the time to write this
Thanks for the very detailed analysis. However, me as an inexperienced investor lack a bit of a conclusion. For instance, will the margins in America return? Which growth can we expect in the coming 2 years. Are you still 100% on board with the company or are there some cracks showing in your conviction? More even, are you thinking of buying the dip? …
I’m not sure if it’s correct of me to expect these types of topics in this type of analysis. So please ignore my comment if not suitable.
very profound analysis, thank you
thanks for sharing this
beautiful analysis as usual Ali! Feels like $EVO will be able to generate even greater EPS in future fuelled by buybacks and expansion into US albeit at lower margins. Could just be the cost of doing business in the US. Curious to know wher you got the headcount split across the different territories.
Hi Kartik, thank you for the kind words. EVO lists its average country headcounts in its annual report:
https://www.dontdistribute.com/i/143808136/workforce
Thanks for the great analysis!
doesn't seem easy for casino related business to grow, customers come in lose all their money, then you need new customers.
Excellent analysis. Thank you Ali. I doubled my position recently since the price has followed the negative narrative. As you say, it’s not like the firm is struggling per se, but it’s more that the money they make from now on will on a blended basis likely be earned at a lower margin.
Solid analysis! Thanks for this Ali.
Great analysis as always