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# ![@CapexAndChill Avatar](https://lunarcrush.com/gi/w:26/cr:twitter::1892686015178944513.png) @CapexAndChill CapexAndChill

CapexAndChill posts on X about $meli, $nu, $se, brazil the most. They currently have XXXXX followers and XXX posts still getting attention that total XXXXXX engagements in the last XX hours.

### Engagements: XXXXXX [#](/creator/twitter::1892686015178944513/interactions)
![Engagements Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1892686015178944513/c:line/m:interactions.svg)

- X Week XXXXXXX -XX%
- X Month XXXXXXX +810%
- X Months XXXXXXX +1,118%

### Mentions: XX [#](/creator/twitter::1892686015178944513/posts_active)
![Mentions Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1892686015178944513/c:line/m:posts_active.svg)

- X Week XXX -XX%
- X Month XXX +129%
- X Months XXX +208%

### Followers: XXXXX [#](/creator/twitter::1892686015178944513/followers)
![Followers Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1892686015178944513/c:line/m:followers.svg)

- X Week XXXXX +27%
- X Month XXXXX +673%
- X Months XXXXX +1,457%

### CreatorRank: XXXXXXX [#](/creator/twitter::1892686015178944513/influencer_rank)
![CreatorRank Line Chart](https://lunarcrush.com/gi/w:600/cr:twitter::1892686015178944513/c:line/m:influencer_rank.svg)

### Social Influence

**Social category influence**
[stocks](/list/stocks)  #5576 [finance](/list/finance)  XXXXX% [technology brands](/list/technology-brands)  XXXXX% [countries](/list/countries)  XXXX% [cryptocurrencies](/list/cryptocurrencies)  XXXX% [currencies](/list/currencies)  XXXX% [travel destinations](/list/travel-destinations)  XXXX% [exchanges](/list/exchanges)  XXXX%

**Social topic influence**
[$meli](/topic/$meli) #5, [$nu](/topic/$nu) #1, [$se](/topic/$se) #3, [brazil](/topic/brazil) #487, [$bn](/topic/$bn) #15, [business](/topic/business) 4.69%, [$melis](/topic/$melis) #1, [$amzn](/topic/$amzn) #126, [investment](/topic/investment) #1921, [nu holdings](/topic/nu-holdings) #1

**Top accounts mentioned or mentioned by**
[@latticeinvestor](/creator/undefined) [@benmartin661251](/creator/undefined) [@topieero](/creator/undefined) [@sashinvesting](/creator/undefined) [@bradmur32528398](/creator/undefined) [@garpandchill](/creator/undefined) [@realvasileios](/creator/undefined) [@bramvgenechten](/creator/undefined) [@tinytitanscap](/creator/undefined) [@michaelchutney](/creator/undefined) [@qualityinvest5](/creator/undefined) [@manuinvests](/creator/undefined) [@joecarlsonshow](/creator/undefined) [@thezackzhu](/creator/undefined) [@wormelow1](/creator/undefined) [@lucas2052543](/creator/undefined) [@mplycap](/creator/undefined) [@matkinvest](/creator/undefined) [@kimuramaxi](/creator/undefined) [@yumi_sebbag](/creator/undefined)

**Top assets mentioned**
[MercadoLibre Inc (MELI)](/topic/$meli) [NuCypher (NU)](/topic/$nu) [Sea Limited (SE)](/topic/$se) [Brookfield Corporation (BN)](/topic/$bn) [Amazon.com, Inc. (AMZN)](/topic/$amzn) [Nu Holdings Ltd. (NU)](/topic/nu-holdings) [Adobe, Inc. (ADBE)](/topic/$adbe) [Uber Technologies, Inc. (UBER)](/topic/$uber) [Interlay (INTR)](/topic/$intr) [Costco Hot Dog (COST)](/topic/$cost) [StoneCo Ltd. Class A Common Shares (STNE)](/topic/$stne) [PagSeguro Digital Ltd. (PAGS)](/topic/$pags) [Netflix Inc (NFLX)](/topic/$nflx) [Metadium (META)](/topic/$meta) [Brookfield Asset Management Inc (BAM)](/topic/$bam) [Alibaba Group (BABA)](/topic/$baba) [Mario Coin (COIN)](/topic/$coin) [Mastercard, Inc. (MA)](/topic/$ma) [Msci Inc (MSCI)](/topic/$msci) [Costco Wholesale Corporation (COST)](/topic/costco) [Goldman Sachs (GS)](/topic/goldman-sachs) [Simplify Macro Strategy ETF (FIG)](/topic/$fig) [Coupang, Inc. (CPNG)](/topic/$cpng)
### Top Social Posts
Top posts by engagements in the last XX hours

"More super investors catching on to $SE & $NU And $BN remains a fave as well"  
[X Link](https://x.com/CapexAndChill/status/1989445061277614312)  2025-11-14T21:27Z 2174 followers, 4238 engagements


"$ADBE Q3 FY25 Risk Verification: The AI Disruption thesis is collapsing under the weight of data. Doing a forensic analysis of the latest quarter confirms Adobe is successfully pivoting from a Tool vendor to an AI Operating System. Here is the data breakdown on AI revenue moats and risks. X The Real AI Revenue Forget the vague $5B AI-Influenced metric. The signal is AI-First ARR surpassing $250M (Firefly/Acrobat AI standalone SKUs). Insight: This proves distinct willingness to pay for AI utility separate from the core creative license. Monetization is real not theoretical. X The Defensive"  
[X Link](https://x.com/CapexAndChill/status/1996599477168144545)  2025-12-04T15:16Z 2175 followers, 2837 engagements


"The fintech battle in is an interesting battle royale ⚔ to watch 2025 has transitioned from growth at all costs to ruthless efficiency and ecosystem lock-in Most interesting players: $NU $MELI $INTR & $SE Who is winning is a nuanced answer"  
[X Link](https://x.com/CapexAndChill/status/1993737738554667243)  2025-11-26T17:44Z 2146 followers, 1012 engagements


"$MELI is displacing traditional acquirers $stne & $pags among SMBs If you buy a coffee in Sao Paulo in XX there is a good chance you are paying with MELI They are owning the merchant relationship 🔥"  
[X Link](https://x.com/CapexAndChill/status/1993737746356027888)  2025-11-26T17:44Z 2146 followers, XXX engagements


"$INTR is the middle class super app with ok numbers: XX% ROE & XX% efficiency ratio but they are getting squeezed between $NU & $MELI Monee is the dark horse. They are riding up the low end market & offer high yield to low income demographics w/ SPayLater. An invisible threat"  
[X Link](https://x.com/CapexAndChill/status/1993737748398690642)  2025-11-26T17:44Z 2146 followers, XXX engagements


"@TinyTitansCap Looking solid. Will have to do more dd on them. When it comes to LatAm for me I am not that interested in expanding my knowledge past everything related to $MELI 🤣 but its important to understand the entire landscape better"  
[X Link](https://x.com/CapexAndChill/status/1993773961348567265)  2025-11-26T20:08Z 2146 followers, XXX engagements


"$UBER is not just a ride-sharing company anymore. Its a $170B+ automated logistics operating system for nearly 200M monthly active users 🌍 Here is some math behind their unassailable moat It is a cross-platform multiplier. Uber has 189M active consumers but there is magic in the overlapping users. Users who ride and eat on the platform spend 3x MORE and retain XX% LONGER than single service users. This means every ride is an ad for delivery AND every meal is a hook for a sticky subscription membership So they have a nice flywheel between rides and eats. So what Well besides the fact that"  
[X Link](https://x.com/CapexAndChill/status/1993935925139669315)  2025-11-27T06:52Z 2113 followers, 1505 engagements


"@q_pitcairn @GabGrowth Doesnt the latest tax regulation in Brazil hurt CBT a lot Shopee is over XX% localized now. They have become the online marketplace for local street vendors"  
[X Link](https://x.com/CapexAndChill/status/1994555484838228474)  2025-11-28T23:54Z 2140 followers, XX engagements


"Its true there will be some pain entering a recession but I know for example $MELI has been extremely cautious with its credit portfolio. They openly report quality numbers and manage it with a lot of caution. The risk is operational and macroeconomic: managing a high-growth high-yield credit book in unstable economies. Credible rating agencies have affirmed the company's financial stability but the rapid expansion requires continuous vigilant oversight of credit quality and careful monitoring of macro-shocks in the region. When there was a downturn in Mexico $MELI reacted pretty quick and"  
[X Link](https://x.com/CapexAndChill/status/1994589313380565197)  2025-11-29T02:08Z 2136 followers, XXX engagements


"Some more $MELI Valuation Analysis: Cheap Compounder or Credit Risk 📉🤔 The Data: Valuation: Price/Adj. Operating Cash Flow has compressed to 43.4x (down from 67.9x in Q2 '25). Keep in mind this is the management's adjusted fcf with the capex added back in. Cash Engine: TTM Adjusted OCF hit a record $2.48B yet the stock is down XX% from highs. The Conflict: Bull Case 🐂: You are paying 43x for a dominator choosing to mask its true cash flow to reinvest billions into a high-yield credit book. If they stopped lending tomorrow FCF would skyrocket. Not to mention they are provisioning at a"  
[X Link](https://x.com/CapexAndChill/status/1996302854894624929)  2025-12-03T19:37Z 2146 followers, 5049 engagements


"Believe it or not but the UBS Global Technology Conference call with $UBER's CFO today just made me even more UBER(🤣) bullish on $UBER $UBER defying the Law of Large Numbers Uber is currently operating at a $50B Gross Bookings (GB) run rate yet managed to accelerate growth to +21% YoY in Q3. The Critical Take: Typically growth decays at this scale. Uber is bucking the trend not through a single silver bullet but through broad-based diversification. The Delta: Investors expected a slowdown. Instead Mobility growing XX% (constant currency) and Delivery growing XX% proves the cross-platform"  
[X Link](https://x.com/CapexAndChill/status/1996364480859578477)  2025-12-03T23:42Z 2102 followers, 5413 engagements


"I talked about this a bit the last week. I have several reasons why this is not the case. X. $SE is focused on profitable growth. They already reached profitability in Brazil. $PDD burned an unreal amount of cash to move upmarket this implies thats $SE may be willing to just dominate low-end market and is attempting to make a move upmarket just to potentially squeeze out some extra profitability. X. $BABA originally chose to not prioritize the low-end market. $MELI has been preparing for slashing the free shipping threshold for years. They didnt want to blow up their logistics by not having"  
[X Link](https://x.com/CapexAndChill/status/1996467323943682291)  2025-12-04T06:31Z 2112 followers, XXX engagements


"Well analysts are still confused on what to do about $ADBE 🤣"  
[X Link](https://x.com/CapexAndChill/status/1996963098163372179)  2025-12-05T15:21Z 2085 followers, 1609 engagements


"@SHAUNIMAX Incredible business with an incredible team 🤝 Thank you"  
[X Link](https://x.com/CapexAndChill/status/1997043385933484143)  2025-12-05T20:40Z 2069 followers, XX engagements


"Bill Ackman level rant 🤣 Thanks for sharing. In general I dont see how this ends up badly for $nflx The bear case is $nflx accidentally kills batman Regardless I am happy if it drops in the meantime. I think $META & $AMZN hold better r/r in big tech"  
[X Link](https://x.com/CapexAndChill/status/1997056593297297691)  2025-12-05T21:32Z 2146 followers, 2018 engagements


"@realVasileios 🙏 ❤"  
[X Link](https://x.com/CapexAndChill/status/1997165252786434395)  2025-12-06T04:44Z 2146 followers, XX engagements


"nibbled some more on $BN $SE & $MELI"  
[X Link](https://x.com/CapexAndChill/status/1988982302748315787)  2025-11-13T14:48Z 2168 followers, 3231 engagements


"Bro did two full swaps between $BN & $BAM the last X quarters 🧐"  
[X Link](https://x.com/CapexAndChill/status/1989339468307034338)  2025-11-14T14:27Z 2168 followers, 20.3K engagements


"$PDD's Temu Q3 2025 run in Brazil shows massive churn (37%) nearly 4x $MELI's. Traffic dropped XX% after its peak. The cause The "Remessa Conforme" tax erased Temu's cross-border pricing advantage"  
[X Link](https://x.com/CapexAndChill/status/1993210353627664531)  2025-11-25T06:49Z 2165 followers, XXX engagements


"Although $MELI works with $V with its credit cards Meli has a massive internal payment network that operates without Visa. Pretty remarkable company"  
[X Link](https://x.com/CapexAndChill/status/1994574847184380170)  2025-11-29T01:11Z 2148 followers, 3115 engagements


"There is a persistent bear case on $MELI that views its Fintech expansion as a ticking time bomb of credit risk. The thesis is that rapid lending growth in volatile Latin American economies seems like it will inevitably lead to a catastrophic NPL (Non-Performing Loan) cycle. If you step through their latest data MercadoLibre has built a credit fortress designed to survive precisely the crises investors fear. Here is my data-backed thesis on why the portfolio is structurally safer than perceived: X. The Pre-Funding of Risk (Aggressive Provisioning) The most critical metric in the 2025 data is"  
[X Link](https://x.com/CapexAndChill/status/1994808005997543609)  2025-11-29T16:37Z 2152 followers, 7748 engagements


"I don't claim to be an expert on valuation but if there is one business I feel good about valuing it has to be $MELI Let's take a walk through determining its valuation conservatively. The Setup: $MELI is not an e-commerce stock. Valuing it on a blended P/E multiple will make it look more expensive on the surface. To see the real value we must dismantle the company. Here is my Sum-of-the-Parts valuation analysis the market is (likely) ignoring. The Peer Review Problem: Wall St. Consensus often values $MELI on short-term EPS (50x 2025E). The Flaw: This penalizes MELI for Customer Acquisition"  
[X Link](https://x.com/CapexAndChill/status/1994841551751528634)  2025-11-29T18:51Z 2163 followers, 17.9K engagements


"The fact that $COIN is near the market cap of $NU and even close to $MELI is the true rorschach test for this market 😂 You have a highly cyclical exchange riding a euphoric crypto wave (even after a recently large drawdown) now valued nearly the same as the structural digital economy and banking rails of Latin America. One prints cash when volatility is high and the others are banking the unbanked. Fascinating divergence in quality of earnings. Not to mention $MELI & $NU are using crypto to solve real currency issues for 200M+ people 🤣"  
[X Link](https://x.com/CapexAndChill/status/1995204330543071687)  2025-11-30T18:52Z 2154 followers, 1742 engagements


"@mply_cap I gotta be honest this was not even part of my $BN thesis but absolutely incredible"  
[X Link](https://x.com/CapexAndChill/status/1995592703145549903)  2025-12-01T20:35Z 2168 followers, XXX engagements


"📉 The LatAm Paradox: Macro Stagnation Fears vs. Digital Escape Velocity While many worry about Latin America potentially facing a low-growth trap (projected XXX% GDP growth in 2025) $NU and $MELI are decoupling from the region's structural gravity. 🏦 NuBank: The Efficiency Arbitrage Despite Brazil's modest XXX% growth and high interest rates NuBank hit XXX million customers in Q3 '25 with an annualized ROE of 31%. The Insight: Nu is monetizing the region's informality crisis. By offering low-cost access to the XX% of workers in the informal economy who were ignored by incumbents Nu turns a"  
[X Link](https://x.com/CapexAndChill/status/1996074641773724137)  2025-12-03T04:30Z 2155 followers, 1529 engagements


"For me the value in $MELI is the unassailable physical moat. Think $ASML's lithography moat or $GE's aerospace moat. With that physical moat as a base they are successfully spinning off other dominant synergistic growth engines with low CAC. Obviously both of them are great though"  
[X Link](https://x.com/CapexAndChill/status/1996342476307939656)  2025-12-03T22:15Z 2149 followers, XXX engagements


"Personally own neither at the moment. I would say $MA still offers a slightly more compelling opportunity but both $MA & $MSCI will likely outperform from here"  
[X Link](https://x.com/CapexAndChill/status/1997024441210180016)  2025-12-05T19:25Z 2168 followers, 1116 engagements


"Here are the X critical alpha signals for $ASML: X The Packaging Pivot (XT:260) While the market obsesses over nanometers ASML quietly shipped the TWINSCAN XT:260 in Q3. The Fact: Its an i-line scanner with 4x the productivity of legacy tools. The Alpha: This is a direct play on Advanced Packaging (CoWoS). ASML is no longer just the bottleneck for making the chip. They are now selling the shovel for packaging it. The single biggest constraint for $NVDA & $AMD right now. X Memory is the New Logic The consensus was that High-NA EUV was a Logic-only ( $TSM / $INTC ) tool for years. The Fact:"  
[X Link](https://x.com/CapexAndChill/status/1997113476217512406)  2025-12-06T01:18Z 2148 followers, 1094 engagements


"Its hard to judge $ASML at its current valuation. I have personally been trimming into what I deem better and less risk-adverse opportunities at the moment despite still holding it as a core position. The $XXX USD range was incredible. $1.1K+ USD is getting optimistic. The moat (EUV monopoly) is definitely consensus. What isn't entirely a consensus is the TAM expansion. The market still models them as a front-end logic tool. They are missing: Packaging: The XT:260 proves they are entering the HBM/CoWoS supply chain (a completely new revenue stream). Memory Intensity: High-NA isn't just for"  
[X Link](https://x.com/CapexAndChill/status/1997164415951495676)  2025-12-06T04:41Z 2168 followers, XXX engagements


"The Race to the Bottom Fear for $SE looks dead on arrival. Critics argued their dominance was bought with subsidies and once the cash dried up the moat would evaporate. They were dead wrong. By Q3 2025 $SE hasn't just survived the price wars. They have ended them by building structural advantages that capital alone cannot replicate. Let me breakdown the new Structural Supremacy thesis for $SE THE FINANCIAL PIVOT 📊 The days of profitless growth are far gone. Q3 '25 Revenue: $6.0B (+38.3% YoY) Adj. EBITDA: $874.3M (+67.7% YoY) The divergence here is critical: Margins are expanding faster than"  
[X Link](https://x.com/CapexAndChill/status/1995685740240379962)  2025-12-02T02:45Z 2173 followers, 5650 engagements


"Brazil's Fintech Battle: High Rates Big Wins 📈 Brazil's high interest rates used to crush fintech funding costs favoring big banks. BUT 2025 has been a major turning point $NU has hit a massive $38.8B in deposits driving its cost of funding to XX% of the interbank rate. They're now funding lending with cheap customer money and not expensive wholesale debt. This shift flips the script. Massive scale is officially the new incumbent advantage. 🔥"  
[X Link](https://x.com/CapexAndChill/status/1998278041320001705)  2025-12-09T06:26Z 2176 followers, 1040 engagements


"Revoluts approach is kind of the opposite of $NU. Likely attempting to acquire high value customers. I think in that market an another competitor is welcome and will likely not steal that much growth from the fast growing incumbents. The traditional banks are likely to get hurt the most. I will have to dive more into it. Thanks"  
[X Link](https://x.com/CapexAndChill/status/1998397085054304568)  2025-12-09T14:19Z 2172 followers, XX engagements


"$BN disputes "nefarious" labeling of its structure claiming vertical integration is the edge By feeding Oaktree assets into its insurance arm $BN hit a X% net yield on $4B (Q3 '25) Mgmt says critics are penalizing them for the strategy used by Apollo/KKR (pioneered by $BRK)"  
[X Link](https://x.com/CapexAndChill/status/1991027664422047981)  2025-11-19T06:16Z 2168 followers, XXX engagements


"The $BN thesis in a nutshell: Arbitraging the spread. In Q3 '25 $BWS grew assets to $139B and originated $5B in sales. The critical metric They deployed $4B at a X% net yield. With cost of funds at 4-5% they are capturing a massive spread on the float. 💰✅"  
[X Link](https://x.com/CapexAndChill/status/1991030220426559683)  2025-11-19T06:26Z 2168 followers, XXX engagements


"Let's take a walk through memory lane of how the ecom landscape in Brazil progressed. How $MELI weaponized the Shopee threat: For X years $SE's Shopee attacked Latin America with an asymmetric playbook: gamification + massive subsidies. Instead of a race to the bottom MELI responded with physics. Let's walkthrough the strategic autopsy of the war. The Threat (20192023) Shopee entered Brazil targeting the long tail. These are cheap unbranded goods. Their goal wasn't immediate profit. It was frequency. By 2025 Shopees app ranked #1 in usage in Brazil effectively capturing the daily habit of"  
[X Link](https://x.com/CapexAndChill/status/1994242923781611876)  2025-11-28T03:12Z 2174 followers, 35.6K engagements


"The real 2025 story of $SE is its structural decoupling of monetization from volume. They aren't just selling more. They are squeezing significantly more margin out of every transaction through three widening moats: Shopee is now an Ad-Tech Beast: Ad revenue (+70%) is growing 2.5x faster than GMV (+28%). This isn't just traffic. It's AI-driven conversion (+10% YoY). They have successfully shifted the revenue mix toward high-margin ad spend. The "All-Can-Apply" Alpha: SeaMoney added 5M borrowers in XX days by switching from conservative whitelisting to real-time algorithmic underwriting. Risky"  
[X Link](https://x.com/CapexAndChill/status/1994572671359570064)  2025-11-29T01:02Z 2168 followers, 3489 engagements


"The Nomad Partnerships Protocol: $MELI Deep Dive Is $MELI the next $COST or the next $AMZN I just spent a significant amount of time combing through MercadoLibre's financials through the lens of Nick Sleep's Scale Economies Shared framework. The verdict This is arguably the purest application of the Nomad philosophy in the world right now. (I am trying to be objective here ok 🤣) Here is my data-backed thesis. 👇 🧠 The Philosophy: Scale Economies Shared Nick Sleep's core tenet for Costco was simple: Most companies use efficiency to raise margins. Great companies use efficiency to lower"  
[X Link](https://x.com/CapexAndChill/status/1996009117324870129)  2025-12-03T00:10Z 2175 followers, 26.5K engagements


"The Alpha Many Missed in $MELI's Earnings Everyone read the Q3 print. But one month prior CFO Martin de los Santos shared exceptional insight at the Goldman Sachs Communacopia that explained the mechanics behind the numbers. While the earnings showed the what (margin compression for growth) the fireside chat reveals the how (structural cost advantages). Here is the dissected alpha the market glossed over. 👇 The Zero CAC Credit Card Flywheel The Print: Credit portfolio up XX% YoY. The Hidden Alpha: In Brazil MELI issued 1.3M cards in Q2 alone. The kicker Most came with near-zero Customer"  
[X Link](https://x.com/CapexAndChill/status/1996772461799465285)  2025-12-05T02:43Z 2176 followers, 53.1K engagements


"The next company on the list for shareholder alignment: $NU X. The Owner-Operator Iron Grip (Class B Shares) Alignment at $NU isn't about a board granting options but absolute founder control. Fact: Founder/CEO David Vlez holds Class B shares with XX votes per share (vs. X vote for Class A). Reality: He cannot be fired by activists. He controls the company's destiny. This allows him to make unpopular short-term decisions (like burning cash in Mexico) to secure long-term dominance. X. The Anti-Profit Profitability Management explicitly rejects short-term earnings optimization in favor of"  
[X Link](https://x.com/CapexAndChill/status/1996976543256490177)  2025-12-05T16:14Z 2174 followers, 8357 engagements


"Is $MELI the ultimate Compounding Machine I analyzed MercadoLibre's business through the lens of Chuck Akre's legendary Three-Legged Stool investment philosophy. The findings We are looking at the commercial infrastructure of an entire continent. A deep dive 👇 🪑 The Akre Framework looks for X specific things: X. Extraordinary Business (High Returns on Capital) X. Talented Management (Owner-Operators) X. Reinvestment Runway (The ability to compound) Does $MELI fit the mold in late 2025 Let's check the data. 🦵 LEG 1: Extraordinary Business It's not just a website but a utility. The MOAT is"  
[X Link](https://x.com/CapexAndChill/status/1997043087273558399)  2025-12-05T20:39Z 2172 followers, 16.3K engagements


"$SE's Logistics-Ad Arbitrage Machine 🤖 The headline beat is noise. The real story is a ruthless internal subsidy loop and the looming credit test. Weaponizing Logistics Shopee is intentionally effectively lowering shipping prices to bleed competitors. Gross Orders: +28.4% YoY Value-Added Services (Logistics) Revenue: -XXX% YoY They are eating shipping costs (via SPX) to drive volume (hmm a similar playbook to their LatAm counterpart 🧐). Competitors without owned logistics cannot mathematically match this pricing structure. The Funding Source: Ad-Tech Tax How can they afford shipping"  
[X Link](https://x.com/CapexAndChill/status/1997049447914594686)  2025-12-05T21:04Z 2172 followers, 6795 engagements


"While $MELI just secured Investment Grade terms its primary challengers ( $SE & $NU) are still rated Speculative. Here are my thoughts of why this $750M issuance is a strategic moat.👇 The Weapon ($750M @ 4.90%) $MELI successfully issued $750M in 2033 notes at 4.90%. Demand: 3.6x oversubscribed (Investors offered $2.7B). Rating: BBB- (Investment Grade). Context: This is their first issuance since achieving IG status. Why does this matter Because access to cheap USD liquidity is the ultimate divider in emerging markets. Vs. Nubank (The Credit Rating Gap) Nu is a beast but global credit markets"  
[X Link](https://x.com/CapexAndChill/status/1997053805800685963)  2025-12-05T21:21Z 2175 followers, 7619 engagements


"The thesis: @canva owns the low end $FIG owns the high end and AI destroys the middle for $ADBE The data tells a violently different story. Here is the objective fact-checked breakdown. 👇 First the Canva Threat. The bear case: Canva is eating Adobes lunch in the non-pro market. The Reality: Adobes Business Professionals segment (Acrobat + Express) is actually one of its FASTEST growing cohort. Revenue: $1.65B Growth: +15% YoY (vs XX% for the whole co) What everyone is missing about @AdobeExpress: Its not fighting Canva on features but on Governance. Q3 saw a 4x YoY increase in org adoption"  
[X Link](https://x.com/CapexAndChill/status/1997119068797599884)  2025-12-06T01:41Z 2168 followers, 2072 engagements


"$CPNG Initial Thoughts: The Missing Piece in My Global E-Com Portfolio 📦 I investigated whether $CPNG deserves a spot alongside $AMZN $MELI and $SE in my portfolio. The verdict Its not just Korean Amazon. Its a distinct Northeast Asian Logistics Specialist offering operational alpha not just growth. 📊 The Data: Revenue: $9.3B (+20% FX-neutral) Growth is accelerating not stalling. Gross Margin: XXXX% Proof that end-to-end logistics (100% owned network) scales efficiently. Core Profit: Product Commerce generated $705M EBITDA (8.8% margin). The core business is a cash machine funding the"  
[X Link](https://x.com/CapexAndChill/status/1997124158757483003)  2025-12-06T02:01Z 2174 followers, 3210 engagements


"The $MELI ad moat is structurally deeper than $AMZN's. X. Commerce Data: Tracks all purchase intent/history. X. Payment Data: Sees all on/off-platform spending. X. Credit Data: Crucially knows a user's affordability (credit risk/loan capacity). This 360-degree view lets $MELI target ads not just on what a user wants but what they can realistically afford driving superior conversion & ROI. This financial insight is an irreplicable advantage in Latin America's underbanked market. Thats one fortified ecosystem"  
[X Link](https://x.com/CapexAndChill/status/1997207318186856810)  2025-12-06T07:31Z 2176 followers, 1874 engagements


"$NU: The Efficiency Monopoly While the governance is ironclad (as covered) the real story is a unit economic structure that makes legacy banking obsolete. Here is my operational thesis for Nu Holdings: X. The Structural Cost Moat ($0.90 vs. The World) Most fintechs are just shiny front-ends with the same back-end costs. Nu is different. Fact: Nus Cost to Serve Per Active Customer is stuck at $0.90/month. Legacy incumbents in Brazil are at $5.00$15.00. Signal: This isn't an efficiency edge but a structural arbitrage. Nu can service a low-income client profitably where incumbents lose money."  
[X Link](https://x.com/CapexAndChill/status/1997415382911730029)  2025-12-06T21:18Z 2172 followers, 11.5K engagements


"Next $MELI Deep Dive: The Scuttlebutt Stress Test from Philip Fisher The headline number is hard to ignore: Q3 2025 marked the 27th consecutive quarter of revenue growth above XX% (hitting +39% YoY). BUT the real story is in the margins. Here is the reality of $MELI's business from the lens of Philip Fisher's Scuttlebutt Approach: X. The Productive Pain of Logistics Bears point to margin compression. The Scuttlebutt reveals it's a defensive weapon. Fact: MELI lowered the free shipping threshold in Brazil again. Result: Items Sold growth accelerated to XX% in Q3 (vs XX% prev qtr). Insight:"  
[X Link](https://x.com/CapexAndChill/status/1997431738386043355)  2025-12-06T22:23Z 2176 followers, 26.9K engagements


"@Matkinvest Spot on regarding the cohorts That maturity curve is the hidden leverage in the model. As those older cohorts age they aren't just sticking around but are compounding revenue while the cost to serve stays flat. That operating leverage $NU possesses is huge Thank you"  
[X Link](https://x.com/CapexAndChill/status/1997440685276827730)  2025-12-06T22:59Z 2168 followers, XXX engagements


"$NU: The Brazil Discount may be an Arbitrage Opportunity 📉 I just modeled Nu Holdings' intrinsic value. The market is pricing it closer to a legacy bank than the tech compounder it is. Here is my valuation breakdown.👇 📊 The Engine (Q3 '25 Verified Actuals) First the raw power under the hood is undeniable: 🔹 ROE: XX% (Record high vs. 15-20% for legacy banks) 🔹 Efficiency Ratio: XXXX% (Industry-leading cost structure) 🔹 Net Income: $783M (+39% YoY FX-Neutral) 🔹 Total Customers: 127M (106M Active) This isn't a growth at all costs cash burner. It's a profit machine. 🧮 The Model: Inputs I"  
[X Link](https://x.com/CapexAndChill/status/1997482203278721451)  2025-12-07T01:44Z 2175 followers, 21.7K engagements


"Let's compare the two LatAm Giants: $MELI vs. $NU Two hyper-growth engines (+39%). But for the first time their paths have wildly diverged. One is burning margins to build an invincible moat (I like). The other has become a cash-printing machine (I like). Here is the breakdown. 👇 📊 The Headline Numbers $MELI (MercadoLibre): Rev: $7.4B (+39.5% YoY) Op Margin: XXX% (DOWN from 10.5%) 📉 Strategy: Aggressive Reinvestment (Logistics + Credit) $NU (Nu Holdings): Rev: $4.17B (+39% FXN) Net Income: $783M (Record) 💰 ROE: XX% (Annualized) Strategy: Profit Compounding 📦 $MELI: The Shared Economies"  
[X Link](https://x.com/CapexAndChill/status/1997523482729443491)  2025-12-07T04:28Z 2174 followers, 7114 engagements


"The $NU Moat is Impressive Most people look at Nubank and see a fast-growing bank. They are missing the architectural reality. Nu isn't just disrupting fee structures but also executing a classic Nick Sleep playbook (Scale Economies Shared) that makes competition almost mathematically impossible. Here is the data on the X pillars of their moat: X. The Nick Sleep Test (Scale Economies) The core thesis of Nomad Investment Partnership was Scale Economies Shared: passing cost savings to customers to drive volume creating a flywheel incumbents can't match. The Data: Nus Cost to Serve is stuck at"  
[X Link](https://x.com/CapexAndChill/status/1997872943758545063)  2025-12-08T03:36Z 2174 followers, 9926 engagements


"Are you $SE-ing this 🤣 Lookin good. Adding a lil"  
[X Link](https://x.com/CapexAndChill/status/1998058931424280720)  2025-12-08T15:55Z 2172 followers, 8450 engagements


"$NU isnt just a bank anymore 🟣 Its a self-funding volatility machine. Most analysts are obsessed with USER GROWTH slowing down in Brazil. I think this is an oversight of what is actually brewing. Heres the paradox most analysts miss: The Saturation Myth: Everyone has a Nubank card already. Kinda true. XX% of adults do in Brazil. But market share wallet share. They own the users (100M+) but only X% of the profit pool. The next decade isnt about finding new people but about migrating the 100M+ from just cheap payments to high-yield secured loans. The Reinvestment Engine: This is the Compounder"  
[X Link](https://x.com/CapexAndChill/status/1998075414112047297)  2025-12-08T17:01Z 2176 followers, 4074 engagements


"The Hidden Floor for $MELI 👇 📉Assuming a disaster scenario X years out: Growth slows to XX% (vs XX% today) Margins compress to X% (vs XX% today) Exit Multiple crushed to 15x Adj Free Cash Flow The Headline Shock: 😱Running those bearish numbers through a DCF model spits out an Intrinsic Value of $1450 per share. Most investors stop here see downside from $2000 and panic. The Reality Check (The Math): That $1450 is the Present Value (discounted back to today). This would imply a 2030 (ultra) bear price target of $2.5k at a XXXX% discount rate. The Insight: Even if MercadoLibre executes"  
[X Link](https://x.com/CapexAndChill/status/1998163218246565984)  2025-12-08T22:50Z 2176 followers, 4894 engagements


"Totally agree the UX is slick and globally its a great product. But specifically in Mexico Main Bank status requires winning the ground war on cash access (OXXO partnership) and yield. $NU locked that down years ago. Revolut is fighting a massive uphill battle on infrastructure vs. an incumbent with $X cost-to-serve. They will likely succeed in a niche market but mass adoption will be difficult"  
[X Link](https://x.com/CapexAndChill/status/1998424162231025925)  2025-12-09T16:07Z 2175 followers, XX engagements