Yet Another Value PodcastPublished 2026-09-07
“$TBBB: Tiendas 3B is Mexico's Aldi. Is it too late to buy? | Fruit Tree Capital”
$TBBBBullish
TBBB's massive store expansion (3,500 to 15,000) drives future profits, making it a strong long-term buy despite high current valuation.
We will be talking about "TBBB", a leading and growing discount retailer in Mexico. The fundamental question is: they have 3,500 stores, so will the economic viability remain the same when expanding from 3,500 stores to 15,000 stores in Mexico?
The current rating is too high. The stock price has risen dramatically, and I hate to look at the stock price and wonder, "Did we miss the opportunity?" But did we really miss out?
As you know, I hear from many who were previously optimistic, “It’s difficult for me now to value this stock at attractive internal rates of return.”