Very interested to see the deeper NU note. Interested to understand how they are NOT ING Direct -US/Can - e.g. only, pick your historical comp. Over the business cycle direct banks often trade as a high beta banking play - great in good times, terrible if/when the cycle threatens/turns. Prone to funding trouble when the tide goes out. Not at all certain this is the case here as I don't know enough about NU, but certainly interested to hear more in depth funding analysis of this finance company.
You wrote that LULU is better way then HOOD, do you saw CROX? Better numbers than Lulu, yes its only footwear, but with Highest net margins in sector and solid growth
Very interested to see the deeper NU note. Interested to understand how they are NOT ING Direct -US/Can - e.g. only, pick your historical comp. Over the business cycle direct banks often trade as a high beta banking play - great in good times, terrible if/when the cycle threatens/turns. Prone to funding trouble when the tide goes out. Not at all certain this is the case here as I don't know enough about NU, but certainly interested to hear more in depth funding analysis of this finance company.
You wrote that LULU is better way then HOOD, do you saw CROX? Better numbers than Lulu, yes its only footwear, but with Highest net margins in sector and solid growth
Thanks Brad!