Review of Propel Holdings Inc.
MAR 26, 2024 - Propel Holdings (PRL) has evolved over the past several years from operating solely under the MoneyKey brand as a SaaS loan management system to offer online unsecured loans, to now developing its own proprietary underwriting capabilities and lending platform. PRL is an innovative fintech company operating through its main three brands, MoneyKey and CreditFresh in the US, and Fora in Canada. While PRL has not been a publicly traded company for many years, it has witnessed rapid growth in its product and services offerings across both Canada and the US, and it is clear that the company has a long runway ahead of it. Overall, this is becoming a high-quality name that has the potential for high future growth rates and margin expansion. We are initiating coverage at a ‘B+’.
Download Report- Adobe Inc. (ADBE)
- Booking Holdings Inc. (BKNG)
- TerraVest Industries Inc. (TVK)
- Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A)
- Ulta Beauty Inc. (ULTA)
- Crocs Inc. (CROX)
- Vertiv Holdings LLC Class A (VRT)
- Celsius Holdings Inc. (CELH)
- Propel Holdings Inc. (PRL)
- Lumine Group Inc. (LMN)
Thank you for your remarkable service,Andrew
- NVIDIA Corporation (NVDA)
- Sun Life Financial Inc. (SLF)
- Intact Financial Corporation (IFC)
- goeasy Ltd. (GSY)
- Vitalhub Corp. (VHI)
- WELL Health Technologies Corp. (WELL)
- Super Micro Computer Inc. (SMCI)
- Vertiv Holdings LLC Class A (VRT)
- Propel Holdings Inc. (PRL)
I have been currently holding these for awhile and have done well on them, other than maybe WELL, which has been lagging a bit lately. Here are my allocations: WELL (1.7%), SLF (2%), GSY (3.5%) and NVDA (3.8%).
Recently in the last few months, I trimmed some NVDA and bought some VRT (1%) and SMCI (1%). For a growth investor, how would you rank these 3 stocks going forward? Would you continue to trim and buy these smaller cap higher growth names. With the run that they've had, I've been a little more cautious of a slowdown.
Also with these other names I'm holding, I'm contemplating trimming or completely switching to higher growth and better quality names with better runway for growth. What are your thoughts? Trim, add or switch? For example, does it make sense to trim a 3.0% position into two names that are only 1.5%? I'm against diworsification. Thank you!
1. WELL to VHI
2. SLF to IFC
3. GSY to PRL