Potential, sure but lets make sure we acknowledge that it's no coincidence that Z1P has lagged. Z1P needs to report better default rates for the market to allow this stock to catch up.
Personally I don't like the idea of "All other peers are doing well so this stock has to do well". That kind of fallacy is what has caused people to buy into the likes of FXL without understanding that they are a fundamentally different business to some other peers.
One more point on this, Z1P had reported worse default rates but very good arrears rates which suggests that the default rates should improve materially.
All in my opinion.
UK launch & Zip biz -Next Month, page-317
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$1.70 |
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