
"VBNK (update): Canadian digital bank buying quality short-term loans at 2.3% spread. High margins & ROIC due to lean model, but diluted 13% for US expansion causing 50% EPS drop. Management concerns with CEO style & distractions (DRT Cyber, crypto). Bull case: projected C$2 EPS by 2026, 20-25% US growth potential, possible fintech revaluation."
Versabank - an old investment on which I am in the red and a new, strange but interesting company from Sweden
Miroslav Stepanek - Stock Investing
July 23, 2025
Stock Idea