Thanxs as usual!
Gary
DEFI performed exceptionally well from 2023 to 2024, but it has been consolidating so far this year. Analyst growth estimates are good, and recent sales growth has been strong. It is profitable, and trades at only 6X forward earnings, but its sales and earnings can be volatile, and prone to swift declines if the crypto market falls. But, it can be highly profitable if its arbitrage/trading business does well, which can happen when the crypto markets broaden, and if digital assets outside of just bitcon and ethereum do well, we think DEFI is a name to benefit from this move. Overall, we would be comfortable buying here, while acknowledging its small size and volatility.