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Motley fool now calling APT worth 'a good look at a buying'

Afterpay Touch Group Ltd (ASX: APT)

Afterpay has been an S&P/ASX 200 (INDEXASX: XJO) index favourite basically since its June 2017 IPO, with the Afterpay share price rocketing from $2.97 to its current price of $23.11 (as at market open today).

The stock plummeted nearly 10% on Friday as news emerged that payments giant Visa would be trying its hand in the ‘buy-now, pay-later’ market that Afterpay has dominated for the last couple of years amid a growth explosion for the Aussie startup.

Afterpay’s share price nearly hit $29 per share in early May, but has since dropped due to the news out of Visa, which followed the recent news of an external audit requirement from the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the sale of $103 million of shares by the company’s co-founders.

With Christmas in July likely to boost retail spending across the country, Afterpay could be a good look at buying retail exposure on the cheap, should things pan out for the company in the second half of the year.