I now hold only a small package, I'm one of the lucky ones who sold out a month ago.
My reason was fear of bad debts escalating, this fear is now 100 fold
IMO the first debts people who are earning no income now due to corona bans, will be unsecured debt
Your APT account is not secured in any way, people will stop paying this one first IMO
Hope I'm wrong, love afterpay and how simple it is to purchase low cost goods
BUT they won't being making any profit any time soon due to rising debts IMO DYOR
Think this could go as low as $10 in 3 months, will look at getting back in then
The company will make profit eventually, but escalating bad debts in this climate will send most holders packing.
IMO DYOR
- Forums
- ASX - By Stock
- APT
- Ann: Afterpay Funding Position
Ann: Afterpay Funding Position, page-28
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)