Afterpay – buy now, pain later? by Allan Gray, page-6

Guys, I 100% agree with your sentiments re the consistent flaws in this value investor mindset.

That said I appreciate the effort they’ve gone to in this article to sensibly break down the different components of APT’s value. My sense is they have some well made points but also miss a) the essence of APT being a new generation payments platform rather than an unsecured lender, and b) some lateral growth opportunities APT can unlock.

I’d love to hear your thoughts on how Allan Gray has broken down the components of value @Andredamus1 and most especially the legendary @hankreardon - I ask because you both seem to be the standard-bearers of excellent APT valuation analysis on HC!

Thanks!!!