Yes I do - been in discussions with friends in the industry about mny, wzr and the like in recent times. Which lead me to buying in to mny @$2.60 - oh well.
The higher interest rates that mny charge will self-insure them to a degree, but a recession may impact these niche lenders moreso than others.
Having said this, I like money3's rhetoric around building a relationship with their customer base. Customers may be more likely to pay their debts in the hard times if they feel like mny have their best interests at heart.
~1.60 seems like a massive overcorrection given the health of the company. And despite the concerns re casuals, I'll be topping up my holding.
MNY Price at posting:
$1.65 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)