as a finance company, the key is never the growth, profitability or creativity, is how you management the risk. Afterpay is running great in many way: sales and revenue more than doubled with net transaction lost maintain at low level 0.7%, due to its nature and reasonable charge. why is it so low? 1. kids dont have credit card, they only have small amount of money and are willing to have a little luxuries; 2. they can afford the instalment, >75% of customers have outstanding balance of <$300; thats why, 3. 93% of orders incur NO late fee. is it overvalued? I dont know, i have no idea how to value this company at this growth, so i will sit tight with cost of $2.4 and see how it goes. ideas?
APT Price at posting:
$7.11 Sentiment: Hold Disclosure: Held
