Julien Nono-WomdimStoneX Group SNEXBUYJul 21, 2026
They are doing well, benfiting from volatility and as spreads on trading expand. They've done a good job buying smaller trading businesses. They've split stock a few times. The valuation is slightly high, but he likes it because volatility will persist.
Is confused by the recent slide from $130, because this usually rises during economic slides. Maybe it's down during great economic uncertainty. Their business is actually up during risky times. Remains confident.
They do currency, options, hedging and are a cross-border global trading vehicle for commercial, institutional and corporate borders, any complex trading need. So, they are thriving now during lots of market volatility. Trades at only 9x PE. ROE is pushing 20%.
They are doing well, benfiting from volatility and as spreads on trading expand. They've done a good job buying smaller trading businesses. They've split stock a few times. The valuation is slightly high, but he likes it because volatility will persist.