Dec. 4 at 2:29 PM
$TIGR this is a nonsensical valuations even at
$9.5. First of all, the P/S is the lowest amongst the brokers
$IBKR,
$HOOD,
$FUTU,
$SCHW,. The P/S is 3.25 - HOODs is in the 20s and FUTU is almost 3-4x higher. Even taking IBKRs multiple, this is trading at a 50% discount. Running the DCF with a 10% growth rate, I came out to
$17 per ADR share. the current implied growth rate is -3%. This is priced for negative growth! Hell the unrestricted Cash only value is
$3.29!!!
This is a screaming buy and I'm even using a 12% discount rate due to it being a "china" stock for any additional risk but we know most of the business is outside of China.
