Should be good news as this was the main thing hanging over them at IPO.
As far as they go vs competitors I thought they were undervalued at IPO given their diversity of funding sources; where others are heavily reliant on specific funding sources, PLT's diversity gives them greater stability in volatile times. Look at how warehouses all dried up the second the pandemic hit - a lot of warehouse-reliant lenders temporarily stopped lending (eg Athena). While PLT have become uncompetitive for investors, they at least have the capacity to 'turn the tap back on' when required.
PLT Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
