PK - 1 Growth Stock That's Played Out and 1 That's Just Starting
In August my family sold our hotel stock, Park Hotels & Resorts (NYSE: PK) , and we bought more shares of a South American e-commerce play, DLocal (NASDAQ: DLO) . This trade is likely unique to my family. Probably nobody else in the universe has sold shares of Park Hotels in order to buy DLocal stock -- certainly not on the day we did it. But I thought it might be of interest to discuss why we made this trade.
Why did we give up on Park Hotels? And why did we want to buy more stock in DLocal? Here's why.
When the COVID-19 pandemic first hit, governments around the world shut down their economies and we all went into quarantine. Of course the stock market tanked on this bad news. I would have days where every stock in my portfolio was bleeding out, except for my COVID-fighting vaccine superstar, Novavax , which ran up 3,000% that year.
For further details see:
1 Growth Stock That's Played Out and 1 That's Just Starting