The quarterly results showed an impressive jump in net income QoQ and YoY that was, unfortunately, caused by a private-valuation update that is non-recurring, unrealized, and non-cash.Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where ...