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09:25
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Originally posted by CrowdedTrade
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Well spotted santos8 and thanks for posting. The Q&A directly challenges a number of RM's assertions e.g Afterpay is a credit provider, Afterpay is a 'factoring' business, Afterpay (as a factoring business) "cannot generate high long-term returns while simultaneously maintaining a high quality of account receivables". RM lists many "copy-cats" but Datt suggests Afterpay is two years ahead and, in contrast to competitors, "the product offering is clear and vanilla to customer; with no variation in terms whatsoever". A lot in both this Q&A and in RM's article to work through. However my money has been, and remains, happily with APT.
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It'll be interesting to see RM's response if any to the young bloke. A lot of the Datt article makes sense and looks like a lot of background research was done.
