NEO因其在拉美已被验证的增长、具吸引力的估值（远期市盈率14倍）以及全球扩张潜力，而成为一项强劲的长期买入标的。

Okay, the fourth stock we wanted to talk about is Neo Holdings. Why are you so excited about Neo today? First, I love the Latin American markets. Although Neo recently announced that they're going to expand.

They're going to expand globally, but they're also launching banking operations in the US and offering new global services .

Now, the core business has 140 million customers, which I think makes them one of the largest, or among the largest, financial institutions. It's the name of a fintech company that operates exclusively online.

It's available in Brazil, Mexico, and Colombia, and it's likely to grow in other markets as well. It's a $65 billion company.

Again, it's a fintech company." Which means yes, the stock has been hurt. It's actually down 13% over the past year. And it's down 26% so far . The forward P/E ratio is currently 14 with a growth rate of 0.5, and the actual P/E ratio is 18.7, and it's a company that's still expected to grow by more than 20% in the foreseeable future.

Now, some people in the US might say, "Oh, they're coming to America." That's exciting, isn't it? " Because the US market is huge, and highly profitable . But when they announced that they were going to expand in the US, the stock actually suffered because investors, or perhaps some of them, were uneasy and said, ' Look, you can still grow a lot in your core market, so why don't you focus on something else?'"

They said, "Look, we will focus the majority of our attention and investments in our primary market, but we feel there is an opportunity to start investing in the US market." That will not be across the entire United States.

There is a large Latin American community in the United States, so it might make sense for them to try to link these two customer bases.

For me, this is great. The performance record there was excellent. The fact that they are able to grow in those multiple countries in Latin America despite the political , financial, and all sorts of headwinds. That didn't make much of a difference to them.

Otherwise, it would not have reached the range that " Neo" has reached now. And I still believe they are capable of becoming much bigger. Becoming a world-class player will take a long time.

Now, "NEO" is valued at 65 billion. I don't know if one of them needs to go up or the other needs to go down. But the opportunity for the distant future is very large for "Neo".

It remains to be seen how successful the expansion will be in the United States . It remains to be seen how "Neo" will fare globally as well. But if they can replicate what they did in their main markets, I mean the sky's the limit here for sure.

Yes, this is an interesting case , and it falls into that category where valuations have become really cheap with a lot of these fintech companies. I still think, in general, that it's almost a case where buying a basket of the best companies is a very good strategy, because you're right, it may not be Sophie, it may not be Robin Hood, it may be Neo that's the biggest winner in the long run .