Latin America · 2 entries · 1 publication
Stoneco
No entry states a stance.
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Sign up freeSubstack · The Global Gambit's Substack · The Global Gambit
While both disrupted Brazil’s legacy banking duopoly, their paths have diverged: one is chasing the everyday consumer, while the other is building the financial backbone for SMBs.
Since publication STNE −9.1% α −5.7 pp vs MSCI EM Latin America (ILF) · USD
Substack · The Global Gambit's Substack · The Global Gambit
Wall Street sees a melting ice cube. The data reveals an entrenched MSMB software fortress compounding earnings at 30%+ while trading at a distressed sub-6x multiple.
Since publication −15.5% α −9.0 pp vs MSCI EM Latin America (ILF) · USD
Prices as of the Oct 27, 2026 close. Past performance does not guarantee future results. Price-only, excluding dividends, in local currency. Data may be delayed or inaccurate. Not investment advice. How it is calculated.