Massive opportunity cost, page-242

I can't get over the fact anyone on here refers to WZR as a tech stock, its purely & simply an old fashioned finance company, using a Tech platform for data entry by the person applying for the loan (in effect this just removes the credit analyst from duplicating the credit application process at the back end). It's like saying Woolies is a tech stock as it's now got a automated check out for clients to self serve (ie less 17yo check out staff).
But the biggest red flag for investors is that they've just tipped over the old fashioned 30 month term of start up finance companies, where growth no longer happens (without new products), 5 year loans are now running off (plus losses from early loans), faster than you're putting them on.
And they've now reported a loss of $20m for the 2022 year end, it doesn't get better from here. Debt of $783m will be costing them more in interest cost every day. Guaranteed these upward rate movements weren't built into any longer term 3-5 year strat plan. More pain ahead.
GLTAH