You are better off buying any other BNPL stock. Honestly. Start with APT, Z1P and if you feel adventurous maybe Sezzle (I'm not a holder of SZL but like what they are doing in the US).
Then if you feel really risky, and want to do Yolo investments you can look at (in order): SZL, OPY and SPT.
If you want high default rates and credit exposures, and a business that can't grow because its stuck paying dividends then buy FXL. It should be said that FXL is less risky than SZL, OPY and SPT (in my opinion) so if you care about capital preservation thats when you want to buy FXL.
It's important to look at all players in the sector and understand what they are doing, and why their share prices are moving the way they are. The WORST thing you can do is look at FXL's market cap and think "Geez, it's undervalued compared to APT I'll just stick my money in here because it will shoot up".
No no no... There is a reason why FXL has been around the longest, and has a market cap of less than $500m while newer companies like Afterpay are on $16 billion (32 times the size).
FXL Price at posting:
$1.18 Sentiment: None Disclosure: Not 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)