- StoneX is a financial services company operating worldwide, with an history of growth and opportunistic M&A activity.
- The company acquired Gain Capital Holdings in July 2020, expanding its client base and retail operations significantly.
- The merger happened at a very favorable price for StoneX, which recognized a large bargain purchase gain.
- Fiscal Q4 results disappointed investors, but in my view normalized earnings should allow the stock to re-rate in the $80-90 price range.
For further details see:
StoneX: Strong Upside Potential Hidden By A Poor Quarter