Great write up. This company really is building a franchise in ways that AI helps rather than disrupts as long as human employment remains strong, and you made me appreciate that with this summary. Technically the $77.05 at the open this morning in the ADR fits with a possible bottom.
I'm confused about these provisions everyone is talking about like it's a bad thing.
Sea has tracked provision growth about in line with loan growth, there is no massive disconnect either side. This is the proper thing to do, and normal.
Meli and it's big disconnect of much higher loan growth vs provision growth is the more suspicious one.
Great write up. This company really is building a franchise in ways that AI helps rather than disrupts as long as human employment remains strong, and you made me appreciate that with this summary. Technically the $77.05 at the open this morning in the ADR fits with a possible bottom.
Thank you for reading Brendan! I do think they are on the right track. Broken stock not broken company I feel
I'm confused about these provisions everyone is talking about like it's a bad thing.
Sea has tracked provision growth about in line with loan growth, there is no massive disconnect either side. This is the proper thing to do, and normal.
Meli and it's big disconnect of much higher loan growth vs provision growth is the more suspicious one.