Despegar.com: A Profitable Rapid Growth Tech Trading At Only 1X ... - Seeking Alpha

I started on this article about 3 months ago and set it aside twice. The reason was I had trouble understanding what was going on in both the income statement and balance sheet. Even the statement of cash flows was confusing. Unusual items included asset write-downs due to Argentine currency devaluation, semi-annual dividends, volatile tax rates, capitalizing website and software costs, a large related party liability, and large travel suppliers' payables. If I was confused, I'm sure many others are too. This may partially explain the large disconnect between the valuation of Despegar and its peers. After talking to management, I feel a lot more comfortable understanding the true picture.

seekingalpha.com     Nov 24, 2023