Quarterly earnings writeup for NuBank (NU)
Paid subscribers to Jonah’s Growth Stock Deep Dives receive 2-3 deep dives per month (8,000+ words), 2-3 mini deep dives per month (2,000+ words) and quarterly earnings commentary (on most of my portfolio companies) plus access to my investment portfolio (up +79.6% YTD in 2024, up +134.7% in 2023 and up +1,800% since January 2020) with real-time activity and notes/commentary throughout the day on my portfolio spreadsheet.
In this post I’m going to cover the recent earnings report for NuBank aka Nu Holdings (NU) with my thoughts on the reported numbers and guidance (if they give any) plus my investment thesis for the company, forward estimates, current valuation, price targets, and more.
My investment strategy is to own 20-30 of the best growth stocks with the best fundamentals at the most reasonable valuations — if the fundamentals begin to disappoint or the valuation no longer looks compelling then I’m trimming or selling my position. I don’t own stocks, I rent them, and I keep renting them as long as the fundamentals still look good, the valuation still looks good and my investment thesis still looks good. I want stocks that have at least 50% upside within 1-2 years and at least 100% upside within 3-4 years. If I buy stocks that are too expensive or the fundamentals aren’t good enough or my investment thesis is weak — I’ll never hit my investment targets.
Over the next week I’m planning to send out similar earnings commentary for Celsius (CELH), Transmedics (TMDX), Shift4 Payments (FOUR), Palantir (PLTR), Toast (TOST), Sofi (SOFI), MercadoLibre (MELI), Coupang (CPNG), Unity (U), Tidewater (TDW) and several others if I have time. These earnings analysis writeups are only for paid subscribers.