1 Spectacular Tech Stock Down 81% to Buy Hand Over Fist in February
E-commerce specialist dLocal (NASDAQ: DLO) has a clear mission, and that is to "enable global merchants to connect seamlessly with billions of emerging market users." The Uruguay-based company connects merchants to more than 2 billion people in 40 countries (and counting) through more than 900 different local payment methods. As a result, it is becoming a must-have for enterprises looking to grow in emerging markets.The company went public in 2021, but its shares remain 81% below their all-time highs. Despite this share price drop, I'd argue that dLocal is a much more robust business now than it was four years ago. While its shares have languished, the company's sales have grown 600% since its initial public offering (IPO). Thanks to this divergence between its declining share price and improving operations, I believe it is time to reconsider buying dLocal. Here are four reasons I have been adding shares of this spectacular tech stock in February.Continue reading
E-commerce specialist dLocal (NASDAQ: DLO) has a clear mission, and that is to "enable global merchants to connect seamlessly with billions of emerging market users." The Uruguay-based company connects merchants to more than 2 billion people in 40 countries (and counting) through more than 900 different local payment methods. As a result, it is becoming a must-have for enterprises looking to grow in emerging markets.
The company went public in 2021, but its shares remain 81% below their all-time highs. Despite this share price drop, I'd argue that dLocal is a much more robust business now than it was four years ago. While its shares have languished, the company's sales have grown 600% since its initial public offering (IPO).
Thanks to this divergence between its declining share price and improving operations, I believe it is time to reconsider buying dLocal. Here are four reasons I have been adding shares of this spectacular tech stock in February.
