Hi there,
NVEI is an excellent stock - it is also one I own. The company grew revenue by 54% last year and the expectation is for around 40% average annual growth over the next couple of years. The company has accelerated growth a few times with strategic acquisitions and given how many payment and fintech companies there are, I'd say there are plenty more acquisition opportunities.
Valuations across the industry are stretched and NVEI is no different. I wouldn't say there are any 'value' plays in this industry. This is why it is critically important the company continues to post strong quarterly results. Its off to a good start and in the three quarters since it went public, it has beat on both the top and bottom lines. That is good news.
The risk however, is that if it misses expectations we could see double-digit drops. This is consistent with price action from other high-flying tech stocks such as LSPD and SHOP. However, it's all been part of the journey. Expect volatility and be comfortable with it if you decide to take the plunge. There was panic in the streets when tech and high growth stocks took a beating earlier this year. That will inevitably happen again.
Mat