SEZL 是一家经营良好、财务稳健的小型 BNPL 公司；其创始人兼 CEO 持股 40%，T. Rowe Price 的长期持股为其提供了背书。其股价从约 20 美元涨至约 120 美元，说话者仍认为它未来五年可能翻倍，但竞争带来的利润率压力是一项风险。
逐段跳播
接下来是“Sezel”，其代码是 SEZL。这对我们在“The Motley Fool”来说是一笔很棒的投资。这是一家运营“先买后付”系统的公司。
Next is " Sezel", and its code is SEZL. This has been a great investment for us in "The Motley Fool". This is a company that operates on a "buy now, pay later" system.
有很多人说过：“哦，我不会参与这个系统。”非常感谢。“我不想鼓励人们借钱去买他们负担不起的东西。”但他们对“先买后付”不理解的地方在于，它比信用卡债务好得多，因为这些提供商，无论是 Klarna、Affirm、PayPal，还是这里的 Sizzle，都对可借款金额设定了上限，并要求有限次数的付款来完成交易。
因此，这不是你拿出信用卡、以22%的利息继续买买买的情形。事实上，这些支出是受限且受控的。因此，我认为“先买后付”是市场上的一项重大创新，对社会、对借钱的家庭和个人非常有用，在某些情况下，人们纯粹是因为必需，在两次发薪日之间借钱买食品杂货。所以，我认为这是对市场的一个很好的补充。
There are many people who have said, "Oh, I'm not going to get involved in this system." Thank you very much. "I don't want to encourage people to borrow money for things they can't afford."
But what they don't understand about "buy now, pay later" is that it's a much better alternative to credit card debt , because these providers, whether it's Klarna, Affirm, PayPal, or in this case, Sizzle, place a maximum limit on the amount that can be borrowed and require a limited number of payments to complete the transaction.
Therefore, it is not a scenario where you can take out your credit card and continue to buy at 22% interest. In fact, those expenses are restricted and controlled. Therefore, I believe that "buy now, pay later" is a major innovation in the market, and very useful to society, and to families and individuals who borrow money, and in some cases borrow out of sheer necessity to buy groceries, in the period between their paychecks.
So, I think this is a great addition to the market.
这也是一家经营得非常好的公司。创始人兼 CEO Charlie Joachim，我采访过他好几次，也有机会和他坐下来共进午餐，真正了解他的理念、他的工作方式，以及他对这家公司为他和他所有员工提供的机遇的关切。
他们显然挺过了疫情。对这家小公司来说，那是一段非常有趣的时期。这是一家市值只有几十亿美元的公司，但财务状况强劲。创始 CEO 拥有公司40%的股份，这很了不起。
It is also a very well-run company. The founder and CEO, Charlie Joachim, is someone I have interviewed several times and had the opportunity to sit down with for lunch and really understand his philosophy , his approach to work, and his concerns about the opportunity this company has provided for him and all his employees.
They have clearly made their way through the pandemic. That was a very interesting period for this small company. This is a company with a market value of only a few billion dollars , but its financial situation is strong.
The founding CEO owns 40% of the business, which is amazing.
正如我之前提到的，作为公司股东，我很乐意看到一家 T Rowe Price 买入股票的初创公司。这告诉我，我们面对的是一个喜欢以所有者身份、从5到20年的周期来思考的组织，它评估了这项工作并验证了它所做的事情。
当然，这并不意味着 T Rowe Price 不会在过程中时不时卖出股票、放弃其持仓，当然会。但我认为，当你发现这些有着良好业绩记录、进行长期投资并验证一家非常小的公司的机构时，这对我们自己评估这家企业来说是一盏明灯。
As I mentioned before, as a corporate shareholder, I would love to see a startup company in which T Rowe Price buys shares. This tells me that we have an organization that likes to think in terms of periods ranging from 5 to 20 years as an owner, and has evaluated this work and validated what it does .
This does not mean that T Rowe Price does not sell shares here and there along the way, of course, and abandon its positions, certainly. But I think when you find these companies with a good track record that make long- term investments and validate a very small company, that's a bright light for us to evaluate the business ourselves.
当初我在每股约20美元时推荐了“Sizzle”，如今仅仅几年过去，它已经涨到约120美元。这家小公司在我们由AI驱动的注册数据库中排名最高。我们在“The Motley Fool”里并没有AI评分，那些只是动量评分或一维的表面工作。
我们在世界各地都有程序员，我们把超过500个数据源输入到我们所有的评级中，而当结果显示，从所有这些数据来看，“Sizzle”从财务角度是评级最高的公司，而且它在巨头之中规模很小，它是最好的财务管理公司之一。
我喜欢我所看到的一切，并做出了那笔投资，而且我仍然相信这家公司在未来五年内价值可能翻倍。我想说，“先买后付”领域竞争激烈，所以利润率压力是“Sizzle”需要留意的事情，但我非常高兴能把它加入我们这里的八家公司名单。
Now, "Sizzle," when I recommended it at around $20 a share, today it's reached about $120 after only a few years. The small company was the highest-ranked in our AI-powered registration database.
We don't have AI scores in "The Motley Fool", they're just momentum scores or one-dimensional surface work . We have programmers around the world, and we pump over 500 data sources into all our ratings, and when it turns out that from all of them that "Sizzle" is the highest-rated company from a financial perspective, and it is small among giants, it is one of the best- managed financial companies .
I loved what I saw and made that investment, and I still believe this company could double in value over the next five years . I would say that the "buy now, pay later" space is competitive, so margin pressure is something to watch out for with "Sizzle," but I'm very happy to have it added here to our list of eight.