US funding won't be getting any cheaper. Inflation is cranking up again in anticipation of the US increasing debt and spending to further record levels, while reducing their tax take. The US deficit is almost certainly going to be off the wall.
ZIPs share price needs to be matched against its return on investment or return on equity. There is neither. ZIPs SP is solely predicated on future price rises, there is no return from it, so it remains a pure speculative play. Afterpay was part of the zero interest hype which has now passed and was a bolt on to Square et al anyway. It does not make money but feeds the beast which is well diversified. ZIP is a single product (almost) which pitches to the poorest and most vulnerable.
There is no such thing as cheap. If it was, then the capital deployed would be getting a return and the commentary would be about the high return on capital. Instead it is measured on the incredible gains of the last 12 months, which were only achieved by speculative trading
ZIP Price at posting:
$3.08 Sentiment: None Disclosure: Not Held
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