Other than the recent regulatory push backs, it is a solid business with network effect and high margins, and the current price earning levels are very good with the expected growth in the business. The French way would be not the most efficient way but that’s already in the earnings, it is not like a new Silicon Valley startup can come and destroy the market because of the network effects. What do you think?
Other than the recent regulatory push backs, it is a solid business with network effect and high margins, and the current price earning levels are very good with the expected growth in the business. The French way would be not the most efficient way but that’s already in the earnings, it is not like a new Silicon Valley startup can come and destroy the market because of the network effects. What do you think?
Regulatory changes and market sentiment, it always overreact both ways.