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I was stating that the BNPL sector became a bubble rather than...

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jnkmbx

461 Posts.

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18/01/22

14:45

Post #: 58949083
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Originally posted by Sentrypetal: ↑

No a bubble company is Tesla it still produces a product and can produce profits it’s just massively overvalued. Afterpay is more like Enron a company that can never produce profits, a scam which is based on lending money easily to high risk individuals with little to no checks on creditworthiness. It is always illiquid unless it can borrow money cheaply to offset bad debts.

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I was stating that the BNPL sector became a bubble rather than making judgements on any particular company.

Last edited by jnkmbx: 18/01/22

APT Price at posting: $68.57 Sentiment: Hold Disclosure: Held
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