PAX is a private equity company that focuses on businesses operating in Latin America, managing a portfolio over $43 billion. The company recently reported a 17% increase in fee based earnings and expect similar earnings growth in 2025. It trades at 16x earnings and supports a ROE of 24%. We recommend setting a stop-loss at $10.50, looking to achieve $18.00 -- upside potential over 45%. Yield 5%
Our PAST TOP PICK with PAX has triggered its stop at $11.50. To remain disciplined, we recommend covering the position at this time.