RE:ResultsThat's a good summary gudisgood.
The growth of the last two years has been great. Back to back 20% growth in revenues. Hyperinflation is biting into that which explains the debt to hedge it and sounds like it can be put to use in 2023/24. Amal said they're busy but they haven't seen valuations change much and it's still competitive, which doesn't bode well for a ton of M&A but we shall see. Things can change quickly in this market and I find it hard to believe that with interest rates rising as fast as they have that companies are as solvent as GUD.
I'm sure the team is looking to diversify to a greater geographical area. The stock is way too cheap for their quality of earnings but it seems pretty obvious that the LatAm region is making investors skiddish.
Investing that cash in other areas may do a lot to comfort shareholders at some point. We'll see what management comes up with but for now we keep vacuuming up cheap shares.