Well it did not take long for the dream to come true.
Well the riding bond yields were the trigger , it's really the market realising the real inflationary pressures in the economy and interest rates will have to rise.
All of the stocks that rely on discretionary spending are getting smashed together with all these "fluff" valuations that are so far removed from fundamental value.
There are numerous examples Affirm Peleton Sea and many more as sentiment has changed and the market is no longer prepared to support the wild assumptions of growth.
BNPL is the absolute worst possible sector to be invested in for the next few years unless they can demonstrate a path to profitability and they are years away from that.
Irs had it's run....time to move on IMO
price target 7.50, page-169
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Last
$2.39 |
Change
-0.020(0.83%) |
Mkt cap ! $3.146B | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.44 | $2.38 | $9.523M | 3.954M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 234919 | $2.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 57987 | 32 |
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| Last trade - 12.48pm 17/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |