No. of Recommendations: 1
In addition to Venezuela, both Argentina and Brazil have experienced currency devaluations and since my base currency is US Dollars; am not going to increase my position in StoneCo.

Finally, in my post, I made a mistake when stating the TAM of the banking/credit/Saas segment but the rest of the calculation is still correct.

TOTAL TAM (including future credit card penetration/merchant acquisitions) is still around BRL 140 billion and in yesterday's post, I used that figure when estimating future revenue and net profit.
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