Summary Affirm shares trebled in the last 2 months of 2023 before retracing about 1/3rd of the move. Affirm has recently extended its relationships with both Amazon and Walmart. The Buy Now/Pay Later space apparently achieved an inflection in volume over the Black Friday weekend. Published expectations for Affirm are quite modest considering its expanded…
SQ
Summary Shares of High-Growth software companies have led the market down so far in 2022. The decline in valuations and absolute share prices has been at rates that rival anything in the recent past. This decline has occurred against a background of strong and growing demand in the Information Technology (IT) space. Ironically, software demand…
Sunday evening, August 1st, Square announced it was buying Afterpay for a total consideration of around $30 billion. While the consideration might seem generous in terms of Afterpay’s valuation metrics, this is a merger with synergies written all over the place. Just for the record, Afterpay, as a relatively small Australian based company reports its…
On Thursday, the Raymond James FinTech analyst, John Davis, downgraded the shares of Square (SQ) to sell from hold And the Rosenblatt IT analyst, Yuri Kim downgraded Anaplan shares from buy to neutral. And earlier today, Rod Hall of Goldman, Sachs downgraded many of the names on his coverage list including Nutanix. The GS downgrade…
Summary Square held a virtual analyst meeting on March 24. The company discussed some favorable operating trends that it had experienced in the first two months of the year. It presented revised guidance for the first quarter given the impact of the virus on the overall economy. The company had enjoyed a very substantial upside…
I realize that I must sound like a broken record to some subscribers. The market is down, it is volatile and it isn’t paying attention to any kind of rational analysis. I started writing this on a Wednesday morning and stocks were up. But they have been up as well pre-market, or during the day,…
Friday marked a further down leg in the market decline that began a bit more than a week ago. Overall, the decline has reached 11.5% as measured by the S&P average. Again, the issue was the potential spread and impact of the Covid-19 virus. The IGV index has fallen a comparable amount over the same…
First of all, neither I nor anyone else in this country, wants to see a wider conflict with Iran. Even our President and Secretary of State have said they do not seek regime change. So far as I can determine, there is no plan or purpose in sending an army into Iran or in launching…
I do not always get to write everything I wish in a timely fashion. Lots of companies, a fair amount of volatility and loads of data through which to sift as well as conference call transcripts to which I listen and read. Many subscribers are interested in getting updates on some of the names I…
Summary Square shares fell noticeably after a quarterly earnings release that should have heartened investors. The company continues to grow at 45% +. Concerns about the 25% growth in GMV miss the point of the company’s “eco-system” strategy. The company is seeing triple digit growth in its “Cash” business segment, now 22% of total revenues…