fast forward 18 months....2026 should be lapping potential tarriff/regulatory headwinds internationally and today's platform reinvestment spend domestically - i.e. growth should be re-accelerating, margins expanding, Temu profitable, with visibility + clarity on the u/l growth trajectory - suspect the outcome is at least teens EPS growth (more if buybacks start like at BABA / JD / Tencent etc).....think that deserves at least a teens (ex-cash GAAP) PE...it trades on 5x ex-cash GAAP PE in 2026....so guess i think a triple over 18 months is pretty credible.
Nice, mate. Any range on the share price?
fast forward 18 months....2026 should be lapping potential tarriff/regulatory headwinds internationally and today's platform reinvestment spend domestically - i.e. growth should be re-accelerating, margins expanding, Temu profitable, with visibility + clarity on the u/l growth trajectory - suspect the outcome is at least teens EPS growth (more if buybacks start like at BABA / JD / Tencent etc).....think that deserves at least a teens (ex-cash GAAP) PE...it trades on 5x ex-cash GAAP PE in 2026....so guess i think a triple over 18 months is pretty credible.