2024-03-21 11:25:42 ET
Summary
- StoneCo's Q4 earnings report caused a sharp initial drop of -15% in the stock, which has since normalized to -3%.
- I believe investors misunderstand the business, just as they did 2 years ago.
- Since a drop for similar reasons 2 years ago, the stock has doubled. What's next now?
StoneCo (STNE) just reported its Q4 earnings. In after-hours trading, the stock dropped as much as -15%. Since, the dip has been almost completely been bought, so that the stock is down just around 3%....
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The Good, The Bad, And The Misunderstood: StoneCo Is A Strong Buy