Cristia Calle Mercado @CCalle: "𝙒𝙞𝙨𝙚 𝙧𝙚𝙡𝙚𝙖𝙨𝙚𝙙 𝙧𝙚𝙨𝙪𝙡𝙩𝙨 And they are..."

Spain

𝙒𝙞𝙨𝙚 𝙧𝙚𝙡𝙚𝙖𝙨𝙚𝙙 𝙧𝙚𝙨𝙪𝙡𝙩𝙨 And they are outstanding. ✅ +22% cross-border revenue ✅ +38% card (and other) revenue ✅ Total: +27% transaction revenue This is for a company currently trading at 25 times earnings. It looks VERY, VERY CHEAP. The kind of opportunity that you need to invest in heavily before the opportunity goes away. And that's what I'm doing. However, the share price is falling by about 5% today. Why? I'm going to say it plainly: analysts don't know what they're looking at. I've been reading yesterday's earnings call, and the analysts were asking, "So you're growing faster than you expected; does it mean that in the second part of the year the growth is going to slow down?". This question came after the reaffirmation of the guidance. Another one asked: "So holdings grew slower than new customers, which means that average balances are falling in a per-user calculation." This question was the cherry on top. Because honestly, when you open a bank account, or any account that involves money, do you put a lot of money in it instantly? No. Of course not. First you try the app, how it works, and only after trying several times, you trust the bank/fintech/app and put more money to work. Dumb questions. Wise is building a GREAT MOAT. They keep increasing revenues, earning a lot of money in cross-border transfers, and on top of that, they are building related services around what they currently have. Not a long shot. It's products that make sense. Do you want to send money abroad? You can have the money here, in different currencies. In order for you to keep the money here, you can set alerts to exchange money at the rate you wish. While you wait, I can pay you interest on the money you have on balance. Since you have money on balance, why not use a debit card? See? It all makes sense. And they are building more. But don't forget that it's not only what they offer to users. It's what they offer to other companies, too. For starters, their business solution is the fastest-growing of the bunch. It makes sense, since corporations transfer more money than individuals. Specifically, business transfer volume grew by 39%, while individual transfers grew by 21%. Also, despite the HUGE growth of cross-border revenues AND other transaction revenue, the WISE PLATFORM, which is the "White brand" of money transfers, the one that $MS (Morgan Stanley), $NU (Nu Holdings Ltd.), or $IBKR (Interactive Brokers Group) offer their clients, using Wise behind the scenes to offer better prices to their clients, now accounts for 6% of the volume. 6%. It's up from 5%, which means that cross-border volume for the Wise platform is growing FASTER than 26%, which is the average growth. It's all good news. Everything but the share price, which has reacted negatively today. Maybe because the whole $NSDQ100, and $SPX500 are falling, but maybe just because analysts don't understand the business. And that is our advantage. I keep building a large position in WISE ( $WSE (Wise Group Plc) $WISE.L (Wise Ltd) ) because: 1) It's building an outstanding moat 2) It's very profitable 3) It's growing a lot 4) IT'S ULTRA CHEAP And as a bonus, the CEO has skin in the game and is product-focused. What's not to love about WISE? ___________________________________________________________ 👉🏼 I'm Cristià Calle, a former CFO of a multinational company with more than 10 years of experience in finance. I apply my knowledge to the stock market to buy businesses for cents on the dollar. Since its inception, my portfolio has returned over 200%, with a compounded annual growth rate of +20% during the first six years. Let a professional manage the strategy ➡️ Copy my portfolio today.

Not investment advice. The author may have financial interests in the mentioned instruments.