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Synergy.... such an umbrealla term isn't it? lol

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baker street

2,183 Posts.

168

20/05/22

10:41

Post #: 61519325
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Originally posted by Goodfella58: ↑

The Sezzle deal is complete nonsense as is LD justification of the synergies.

Sezzle net income after deducting bad debts, interest expense and bank and date fees is only circa $10 million.

Opex to be deducted from that is over $100 million.

While synergies will exist the merger will not extinguish them completely and Zip still have to absorb liabilites for Sezzle Merchant interest program which stands at nearly $100 million

The deal makes absolutely no sense whatsoever apart from stopping Sezzle going into liquidation and it's ramifications of leaving merchants high and dry and damaging the entire industry.

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Synergy.... such an umbrealla term isn't it? lol

ZIP Price at posting: 89.8¢ Sentiment: None Disclosure: Not Held
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