Sep. 15 at 7:29 PM
$RELY Keep selling, and I'll keep buying. Dropping because a no name analyst is downgrading the stock with a PT +50% from current prices while calling it one of the best fintech stocks of the decade. Yeah, terrible, sell everything. Stupid algorithms. In 5 years time Remitly will be THE finance/fintech app for all immigrants and likely a new democratic administration that will tone down on the immigration laws and this company is growing at a 28% 5 year CAGR for revenue folks. That means revenue will have gone up x3.43 compared to now, and EPS will have gone up even much more, especially considering they already intiated a share buyback plan that is valued at 6% of the total market cap currently, which means an automatic 6% increase to EPS. Also, expect them to beat those 28% growth expectations as they usually do. When the bots give you an oppurtunity, you say "Thanks idiot" and enjoy the generational wealth that it will provide in the long term!
