Thoughts on this...

Thoughts on this article?

https://www.********.au/2022/06/16/frustrating-fund-backs-3-great-asx-shares-with-plunging-prices/

‘Extremely attractive’ takeover target
Fergie and Carson have been fans of micro-investing platform RAIZ Invest Ltd (ASX: RZI) for a while, and a 15% loss in May hasn’t changed this view.
This is another ASX share that has no debt and holds $18 million in cash.
“Over the past 12 months, it has grown active customers by 50% to around 650,000, who collectively invest more than $1 billion,” read the Cyan memo.
“The company is profitable in its core operations in Australia and is pushing successfully into south-east Asia.”May was just the continuation of a shocking run in 2022. Raiz shares have plunged almost 64% since the start of the year.
Similar to Kip McGrath, Raiz could make an “extremely attractive” takeover target.
“As a comparative valuation, Raiz’s US parent Acorns Grow is valued at ~$800 per customer,” the memo read.
“Completely ignoring Raiz’s 350,000 strong customer base Asia, its Australian business of 290,000 customers is presently being valued by the local market at just $170 per customer.”