Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Remitly Global, Inc. (RELY): A Bull Case Theory 

We came across a bullish thesis on Remitly Global, Inc. on 2x2 Capital’s Substack by Maaiz Khan. In this article, we will summarize the bulls’ thesis on RELY. Remitly Global, Inc.'s share was trading at $13.61 as of January 28th. RELY’s trailing P/E was 151.22 according to Yahoo Finance.

[caption id="attachment_574188" align="aligncenter" width="750"] Iakov Filimonov/Shutterstock.com[/caption]

Remitly, a digital remittance platform, recently hosted an investor day that clarified key aspects of its business, addressing shareholder concerns around take rate compression and...