Technology
RELY is the leader in cross border digital remittances for migrants and has a long revenue runway with attractive scale economics. Q4 earnings are scheduled for 28th Feb and will be an intense point of market focus. Recent sentiment is exceedingly negative as the company's increased marketing spend is viewed by the street as defensive. Pernas believes increased marketing spend is a positive given attractive LTV/CAC economics and this coming earnings should mark a meaningful shift in sentiment. 100% upside.
Since inception in 2017, the Pernas Portfolio has significantly outperformed the S&P 500 by an annualised 13.06%. Recent successful calls include: Donnelley Financial (+580%), Centrus Energy (+350%), Franklin Covey (+118%) and Meta (+70%).
Edition: 179
- 09 February, 2024