3 Comments
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Bob Hammel's avatar

Adyen is choosing not to be super profitable right now but could do so if they wanted - i.e. get back to a low-60% margin in a hurry. It's a very attractive combination of growth plus margin expansion in reserve. Definitely looks more interesting at these levels.

Nick Nemeth's avatar

Blue chip premium and moat. US vs Europe for Adyen and lower TAM and more cyclically for FOUR

Guts's avatar

Four X Paypal

What is better ? Company A 12x Fwd earnings growing 30% a year or company B at the same valuation but doesn’t grow at all.

Its not rocket science guys