June 21, 2021

On StoneCO

 The Fool owns shares of StoneCO.  Some developments in the stock this week:

  1. On June 16, 2021, the Brazilian Antitrust Authority approved the business combination between Stone and Linx. Linx is a leading provider of retail management software in Brazil, which will provide Stone's solutions to Brazilian merchants. 
  2. StoneCo has strong fundamentals when you look at its TTM. The company has profitable earnings and more cash and short-term investment than debt.

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