$ETOR
etoro group7/10Does he own it?
A Feb 7 portfolio-weighting post explicitly lists it at 5% under Fintech/Advertising. He also references it personally as a recovery play that "helped" his YTD returns and admits the crash from ~$65 to ~$33 cost him. First-person holding language is clear and consistent.
His thesis
He argues the Israeli brokerage is deeply mispriced: ~$2.1-2.6B market cap against ~$1.2B net cash and no debt, implying the operating business is valued at only a few times EV/FCF or ~2.6x EV/EBITDA versus peers at 10-15x. He stresses strong fundamentals (70-76%+ Y/Y AUM growth, solid quarterly net income/FCF) and views the post-crypto-crash selloff as overblown, blaming geopolitical (Israel) risk discounting. He expects a re-rating on earnings.
How his view evolved
Starts as a deep-value pitch on absurd cheapness, intensifies through Feb framing it among most undervalued names and as a crypto-reset recovery buy, then later admits it badly hurt him as it crashed further, while still framing it as a high-cash rate-cut beneficiary.
Key points
- Operating business priced near zero given huge net-cash cushion and no debt
- Strong AUM growth (70%+ Y/Y) and positive FCF mismatched with cheap multiple
- Held at a stated 5% weight; selloff caused real personal losses but he stays bullish on re-rating
Derived from a holistic read of his public posts — paraphrased, never quoted. See his actual posts about $ETOR on X ↗