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0 0.00113649541922754 0.000394294329119701 -0.000208744056592907 -0.00489296068653601 -0.00795546793459354 -0.0162124550620434 -0.0155630291081991
Stock impact report

Jim Cramer on StoneX: “I Think It's One of the Best Businesses You've Never Heard Of” [Yahoo! Finance]

StoneX Group Inc. (SNEX) 
Company Research Source: Yahoo! Finance
For now… this is a very good business, but it's not just a timing story where StoneX has benefited enormously from high interest rates and market volatility. These guys have been building this business for a long time. In its investor presentation, management says operating revenue has compounded at 31% annually since fiscal 2003. And book value has had a compound annual growth rate of 29%. These numbers are staggering… They're no fluke either. They tell us that this is a real compounder, just one that happens to live in a part of the market most people don't really care about. And… I know it seems boring but what are we in this business for? We're in it to make money, okay? So, StoneX remains a market-sensitive business. If the world comes down too much, interest rates fall a lot or some of these acquired businesses disappoint, the numbers can get less exciting. That's one reason the stock stayed under the radar for so long. But it's also why I think StoneX deserves its recent run Show less Read more
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