u/pstbo — thesis ledger

Window	Theses	Resolved	Wins	Win rate	Avg return	Median return
1d	1	1	1	100%	-0.1%	-0.1%
3d	1	1	1	100%	-3.5%	-3.5%
1w	1	1	1	100%	-6.1%	-6.1%
1m	1	1	0	0%	+1.7%	+1.7%
3m	1	1	1	100%	-15.3%	-15.3%
6m	0	0	0	—	—	—
1y	0	0	0	—	—	—

Window

Theses

Resolved

Wins

Win rate

Avg return

Median return

100%

-0.1%

100%

-3.5%

100%

-6.1%

+1.7%

100%

-15.3%

—

Thesis history

$DLOr/ValueInvestingDiscussionbearish

u/pstbo · 95d agono track record yet

DLO (dLocal): how real is the in-sourcing risk?

dLocal faces significant in-sourcing risk as merchants scale. Concentration in the top 10 (61% of revenue, rising) and documented leakage in Brazil, Egypt, and Mexico suggest the core margin-generating business is at risk once merchant volumes exceed $200–500M TPV in key markets; expansion and NRR disguise margin pressure from lower-take-rate orchestration products.

At post $15.31Now $13.42-12.3% since postedas of Nov 5, 4:45 PM ET

1d-0.1%

3d-3.5%

1w-6.1%

1m+1.7%

3m-15.3%

6m—

1y—

original post →

End of results.