i heard that AFT has $1billion of bad debt and 1% profit in sales. The coFounder is leaving the company and is selling his 1 million shares back into the market. Prof Galloway stated WeWorks will fail if it gets listed on **promotion blocked** so they postponed the IPO. Now Prof Galloway came out late last week and stated the share price of AFT will drop by half over the next 12 months due to one reason - more competition. So it seams AFT shareholders will be getting nervous seeing there share price drop from $38 to $31 in 1 week. My prediction is shareholders are selling and investing elsewhere.
Given AFT investors made money in the recent rise in AFT they most likely will move to the cheaper BNPL stocks of SPT believing it has a different model to the mainstream BNPL stocks of Z1P, Sezzle, AFT etc so i predict the SPT share price will very quickly reach the market share price of $1.23 as morning star prediction of its now current unreasonable fair price.
Next week this price will go up given the BREXIT and US/China trade wars are coming to a close. BUY NOW!
i heard that AFT has $1billion of bad debt and 1% profit in...
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