The SP drop is most definitely caused by the PayPal news, combined with the fact it was significantly overvalued at those levels. The NASDAQ has only dropped about 10% or so from its ATH, which is a perfectly reasonable correction, particularly given the run up its had. SZL is down about 50% from its ATH, which is a massive drop. The stock is currently in free fall as many have realised that the tiny players are unlikely to remain competitive against PayPal, Square, Amazon, major banks or any other entity that decides to enter BNPL and leverage their massive existing scale.
A lot of people gave Nolan sh*t on these threads, and whilst his posts were unnecessarily blunt, he's looking a lot more accurate than the Fools who kept crapping on about this getting to $15-$18 no sweat. The investment thesis on this is now fundamentally different post-PayPal announcement.
- Forums
- ASX - By Stock
- SZL
- Buy, Hold or Sell
Buy, Hold or Sell, page-11
-
- There are more pages in this discussion • 194 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online