I must admit that I have missed this one. The surge of UBP stock price is probably one that I would remember the most. It hits all of our stock picking criteria. A financial stock that has been ignored, a bank that I use for the past year because of its "moat" of the only bank which can activate your Paypal account using its debit card EON. With the rising industry of work at home jobs, these are wide moats that separates UBP from the rest.
The the bad thing is, I missed it. Rather, I forgot about the things that I use everyday. It never came into my mind. And most people ignored it too. Until its earnings was released and it was off the charts. Its parent company was buying back its shares before the earnings release which is also a good indication. And ramping up millions of shares for months. I missed it again.
Its share price was the lowest among its competition P40+ compared to its competition BPI and BDO and other banks which trades at P60. Its damn undervalued and we missed it.
Management is great, its a great company. Union Bank is a company owned by the Aboitiz's. And they are aggressively buying back the shares of their own company prior to the earnings release. That should have been a great hint to go in and accumulate its shares.
Overall, this stock hits all of our criteria and we missed it. I'm not worried though. I know there will be stocks like these. As long as traders trade stocks. As long as people follow the herd, there will always be one that would earn the most money. The mistake I made was that I never looked harder enough to miss this great opportunity.
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