Emerging Market Excellence: NASDAQ's Quiet Powerhouse
Navigating Economic Challenges to Harness Rich Returns in an Emerging Market Landscape
In this post, I discuss a broken emerging market IPO. The stock trades on the Nasdaq stock exchange but its small size/limited float has prevented real money investors from getting involved.
The company has a history of profitable growth and has performed well despite challenging economic headwinds but is now poised to accelerate earnings growth meaningfully.
The combination of a cheap valuation (both in absolute and relative terms), shareholder returns (dividend and stock buybacks), and inflows back into the the country could help to drive attractive total returns.
Over the next year, I think the stock has upside of >50% with a near-term event that may catalyze upward price movement. Over the long term, the stock has potential to be a multi-bagger.