我们将讨论“TBBB”，一家墨西哥领先且不断增长的折扣零售商。根本的问题是：他们有3500家门店，那么在墨西哥从3500家门店扩张到15000家门店时，经济可行性会保持不变吗？
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?
目前的评级太高了。股价大幅上涨，我不愿意看着股价想，“我们错过了机会吗？”但我们真的错过了吗？如你所知，我听到许多以前乐观的人说，“我现在很难用有吸引力的内部收益率来给这只股票估值。”
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.”