I am in exactly the same boat. I foreshadowed the inevitable collapse of buy now pay later companies, but thought this was a truly innovative fintech play. Even the best companies can be undone by incompetence though. The ex-CEO stating things were going great, followed by that announcement - was the ultimate sign of how bad it got. As for the future, if the biggest excitement is getting back to 1.50 - I am screwed. I do tend to think this will come back - when the aversion to everything growth/tech subsides. There was a general and arrogant tone with growth managers for a very long time - that value investing was dead. Again, the market has shown nothing dies - even when it's been in the wilderness for 15 odd years.
EML Price at posting:
66.0¢ Sentiment: None Disclosure: Held
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