Some of the smartest people are too early @lightbulbnz … I think you are WAY too early to call Indias cash as ‘Dying’.
Indias cash usage is still growing and seems to be the case for sometime… there is a pretty decent window here with plenty of runway. Importantly it gives them the platform to move into the new digital payments world… a good strategy and all indications are that this management is pretty capable. Even if you are right and the cash usage in India is nearly dead, they seem to achieve higher revenues and profits in light of that dire picture you paint.
Some people have been wrong on this stock since 40-60c. Lots of upside here.. some consolidation before it marches higher and higher.
My estimate is that with the current trajectory and business plan this stock should be $7plus within 18-24months
FND Price at posting:
$3.46 Sentiment: Buy Disclosure: Held
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