RE:Trading Apps a very crowded space hard to even capture 1% Hi Gulag,
I've been following this board for a while now and question your overall intentions. If you are no longer invested, why do you still post? Are you hoping to scare people out of their shares?
coming from someone who works in the brokerage industry, I can safely say that the self-directed AUM pie is growing and that there is an opportunity to participate in that growth. Maybe not so much in the US but perhaps they can come up with a slick offering in Canada.
However- the fact that they are the online broker for Intesa San Paolo is massive regardless of what other offerings are in Italy. You don't think that the bank's strategy will be to franchise their clients who are investing elsewhere? That is where the real opportunity for ALY resides and I think we have a ridiculous opportunity at hand buying Into this hot/growing space at a very low valuation using ALY as a vehicle.
You should probably understand the market more before shaming the strategy. These things take time to build out...This is the time to get excited as a shareholder. Look at the most recent valuation for Wealth Simple (1.4 billion). I can safely say that any Canadian bank brokerage spun out on its own would have higher valuations than that based on earnings. What makes you think that Intesa San Paolo won't replicate that success.
if they were smart, they would buy out ALY now to increase their ownership of Marketwall. I have been long ALY for years now and have increased my ownership as of late. This is where real money is made
Cheers,
Silky