This could be a good long term opportunity given the issue will be temporary, however its important to note this will impact reputation and potentially cost many millions in litigation.
While the sell off looks over done, if you plug in revenue declines and lower growth in the medium term from this screw up, suddenly it seems less attractive.
Viceroy also pointed out the high customer churn Tyro has, so it seems merchants could easily move to another provider, especially given how many days its been. There is a minimal moat around the business in other words, eg: minimal switching costs combined with irate customers is not a good thing.
30% of customers affected, and 19% customers total outage is frankly a disaster.
It could be worth a look after litigation starts so one will know how much this will end up costing, but more importantly when the company reports customer numbers and volume post crisis.
TYR Price at posting:
$2.32 Sentiment: None Disclosure: Not Held
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