I don't think there's a structural problem with the company, and I don't see how this situation is comparable to FIVE to be honest, I had a small position in Copart and sold it at a good return (of course I could miss returns going forward, but I believe other positions in my portfolio will do better)
They are in the call yes! This is for international: "Our international gross profit was $69,500,000, an increase of 47.1% for the quarter and was $268,000,000 for fiscal year twenty-five, an increase of 36.7%. And gross margin was 34.9% in the quarter, and 33.9% for the year."
Thanks for your work on this update, Leandro; appreciate your intellectual honesty in the valuation analysis.
Thank you very much for your comment and for reading!
Hi Leandro. at what level would you consider buying ?
I am not considering right now, and if any better opportunity arises I would consider selling my position to raise cash
would you then consider that there is a structural problem with the company ? Not fearing doing another "FIVE" mistake ?
I don't think there's a structural problem with the company, and I don't see how this situation is comparable to FIVE to be honest, I had a small position in Copart and sold it at a good return (of course I could miss returns going forward, but I believe other positions in my portfolio will do better)
Assignments were only down low single digits. This was clarified by Leah in the q&a as a misstatement in the intro.
You are correct, I just corrected it in the article, thanks!
No worries! Otherwise great article.
How do you get your data points like international margins? Did i just miss them on call or?
They are in the call yes! This is for international: "Our international gross profit was $69,500,000, an increase of 47.1% for the quarter and was $268,000,000 for fiscal year twenty-five, an increase of 36.7%. And gross margin was 34.9% in the quarter, and 33.9% for the year."