double digit cash flow yields? I don’t believe the routine sources bc 10Q states there are deposits in cash flow statements that don’t belong to the exchanges ( CBOE for example). Do you know a way to adjust these numbers? I think they are too cheap. I just don’t know how cheap.
Good question. Perhaps I wasn’t clear in that I was referring more to the lower end croupiers like XP et al. But in answer to your question, yes, it’s simply building a bottom up value case - most are not considering the amazing growth even the big names have shown over the last 1-2 quarters. Also, better to comment on the post rather than reply as it is easily lost amongst my notifications here.
How are you measuring
double digit cash flow yields? I don’t believe the routine sources bc 10Q states there are deposits in cash flow statements that don’t belong to the exchanges ( CBOE for example). Do you know a way to adjust these numbers? I think they are too cheap. I just don’t know how cheap.
Good question. Perhaps I wasn’t clear in that I was referring more to the lower end croupiers like XP et al. But in answer to your question, yes, it’s simply building a bottom up value case - most are not considering the amazing growth even the big names have shown over the last 1-2 quarters. Also, better to comment on the post rather than reply as it is easily lost amongst my notifications here.
Did you get the HK video?
yes thanks