eToro: The Disconnect

Core Viewpoint - eToro's stock is currently trading at levels reminiscent of unprofitable SPACs from 2021, despite the company's business model and fundamentals being significantly different from that era [1] Group 1: Company Performance - eToro's stock has declined sharply from its IPO price, indicating potential undervaluation in the current market [1] - The company is characterized by a strong focus on identifying growth stories at reasonable prices, supported by robust economic moats [1] Group 2: Investment Analysis - The analysis emphasizes the importance of conducting high-quality evaluations, including deep dives into valuations, key business drivers, and risk/reward scenarios [1]