Jumia Technologies (JMIA)

[TechWhiz]

I work with a woman that is from Nigeria. Both her and her husband have been in the US for over 25 years but have a lot of family such as parents, siblings and cousins still in Nigeria. She asked her cousin and he told her this morning that Jumia is doing very good. They have a few offices in Lagos, Nigeria and they are gaining traction every month. The expenses will ratchet up as they continue to rollout and expand (Hmmmm - sounds like the early days of AMZN), however, the future is bright.

Between AMZN, BABA and MELI being the pioneers, JMIA can learn a lot from them and be in a position to control Africa. Maybe even a buyout down the road by one of the top 2 companies could be an option.

In my opinion, this is a strong buy for the long term so grab what you can < $30 and put it away and see how things look 10-15 years down the road.

Booyah!!!!!