Luis Sanchez lays out the $IBKR thesis

Yet Another Value Podcast

Oct 17, 2022•1 hr 9 min

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Episode description

Luis Sanchez, founder of LVS Advisory, disses the bull thesis for IBKR, including why the company is a major beneficiary of interest rates rising and how the company's business to business solution can drive major account growth.

See Luis's IBKR write up here: https://lvsadvisory.com/wp-content/uploads/2022/09/LVS-Advisory-IBKR-Write-Up-September-2022.pdf

Chapters
0:00 Intro
2:45 IBKR overview
6:05 What is Luis seeing in IBKR that the market is missing?
12:30 IBKR's valuation
15:15 Is IBKR more net interest or trading driven?
19:00 IBKR's focus on active traders
23:30 Does IBKR have one product risk from the bigger asset managers?
28:30 Blow up risk
38:00 International account risk and opportunity
42:45 Business to business growth
52:45 Trading account stickiness
53:35 IBKR and crypto
55:55 IBKR's founder and management team
1:00:15 Share buybacks and insider selling

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