Interesting that Sequoia's research note didn't mention the possibility of bolt-on acquisitions, which Michael Pixley has mentioned several times recently. Growing stores in Indonesia + rolling out a couple stores in Vietnam + opening up a presence in Myanmar seems to be part of the plan without acquisitions and should surely be manageable from existing cash flows. I wonder what acquisitions Story-I has lined up?
Interesting that Sequoia's research note didn't mention the...
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