Patiotuerca has been the number one vertical portal in Ecuador for 12 years, It can still grow in traffic, but that is irrelevant since the online classified business is extremely competitive in Latin America. Patiotuerca is diversifying its business by participating in sales trough financing and vehicle insurance among other channels. This is what makes LAA a winner in Mexico and Ecuador. They are adapting and changing their business with promising success. I bet CAR in Australia will star suffering from being only a mere classified portal. I will stay away from those companies with obsolete business models, and invest in companies like LAA with real growth potential.
LAA Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
