Check the Financials Before Grabbing Shares of Altimeter Growth
Emerging markets offer the promise-or at least, the fantasy-of capitalizing on burgeoning regional middle classes and their spending patterns. Yet, these are speculative bets, as anyone who bought DiDi (NYSE:DIDI) stock in hopes of catching the next Uber (NYSE:UBER) learned the hard way. Nonetheless, some folks will try to mine for gold in Southeast Asia, where Altimeter Growth (NASDAQ:AGC) SPAC merger target Grab conducts its business as a "super app" primarily focused on ride-hailing and grocery delivery. This might sound like a ground-floor opportunity, though while Grab might sidestep some of DiDi's problems, it takes Uber's fiscal weakness to a deeper level.
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Source Fool.com
