Their competition resort to dilutive CRs. APT is king and I will back the king to deliver.
US and UK growth is massive and ANZ continues its massive growth profile.
APT is smart. If you miss payments and incur late fees, you can't Afterpay another transaction. Hence why their bad debts are only 0.7%. The competition is happy to see a 2% bad debts ratio and hold higher receivables relative to underlying sales. This will be very profitable soon. Once this is the case, the cost of funding reduces (already has reduced from CRs to debt funding), and profits GROW.
DYOR, this is a sleeping giant about to report profits that all start-ups can only dream about.
APT Price at posting:
$119.52 Sentiment: Buy Disclosure: Held
