MarketAxess: Credit Trading Needs To Be Disrupted



Great company with double-digit returns and a clear moat.
Opportunity for capital structure enhancement as it has no debt.
Its market share gain from 1% to 16.5% is the best proof of its solution. However, I think the market is not pricing all the potential.
I recommend to buy MKTX at the current price of $180.80 with a 12-24 month target price of $220 offering a 21% upside.

Read more...

Comments

Post a Comment

Popular posts from this blog

Sypris Solutions: The Vehicle To Play The Trump Card

Image
Sypris Solutions is in the three industries that will benefit from Trump's agenda: defense, O&G and trucks. Management is fulfilling its cost reduction promises and increasing revenues. The stock is currently trading at an EV/EBITDA of 3.1x and P/B of 1.2x, compared to the industry average of 12.6x-13.0x and 3.1x-4.0x respectively. If you believe Trump will remain president and will be able to push his agenda, Sypris would be a high beta way to bet on that. Based on a conservative DCF, I recommend buying the stock with a target price of $2.50/share.
Read more...
Read more