This is promising. $335 plus cash, leave us with a commercial business growing at 100% valued at basically nothing at current levels. Forgetting the growth in commercial business, this values us at minimum around 1.3-1.4.
selling the part of our business that will never turn a profit (bnpl) and is in structural decline (cc), and keeping the part that actually makes money and is growing fast. All good news.
Ann: Proposal from Latitude for Humm Consumer Finance, page-42
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