Kaspi.Kz: Dominant Business With More Room To Grow (NASDAQ:KSPI)

SOPA Images/LightRocket via Getty Images I’ve never found myself in a more complicated love-hate relationship than owning shares of Joint Stock Company Kaspi.kz (OTC:KSPI). I first heard about the company when it went public on the London Stock Exchange and, after reviewing the numbers, the only reasonable assessment was “This is just too good to be true”. Sales were growing between 40-60% every quarter, Net Income was growing 60% year over year, and profit margins were an incredible 50%. I eventually found myself getting comfortable with the business after a few months of research – or at least as comfortable…