not vested
Don’t Get Too Excited About the Square IPO
SQ generates more than $1 billion per year in transaction fees, but still can't turn a profit
By Hilary Kramer
Source: Game Changers
http://investorplace.com/2015/11/dont-g ... lEc0nYrKM8
Shares have found support at the 200-day simple moving average setting up an ideal buy opportunity.
Earnings are expected to be released on November 1, and I expect a solid estimate beat with shares breaking out higher.
Buy now at $11.25 with initial stops set at $9.23 per share and a target price of $17.00 per share.
Back out the Bitcoin business, and Block grew Q3 2022 top line by 36% YoY.
Despite projections of a weak holiday 2022 shopping season, its Afterpay BNPL service was a boon to cash-strapped consumers and should reflect nicely in its Q4 2022 earnings report.
Investors are getting three ecosystems in one stock: payments processing, brokerage, and consumer finance and banking services.
Square Financial Services has an FDIC banking charter making it a bank collecting interest-rate income from customer deposits, whereas PayPal does not.
$5 billion cash balance as the $3 billion in customer funds balance equating to nearly $160 million on interest income added in 2023 with a 2% interest rate hike in 2023.
Users browsing this forum: No registered users and 11 guests