Stockchase Insights Nuvei Corp NVEI-T HOLD Oct 25, 2023

He bought it early this year. Has been disappointing. It's in the penalty box. He won't own it for long, but holding on for now. That said, there will be a bounce, because the recent sell-off was overdone.

He got stopped out. Still likes it, watches it. Challenge is that unprofitable tech has been left by the market. Market's very particular about numbers and guidance. Wait for the tide to turn.

A leader in Canada. Report in June highlighted alleged financial discrepancies. Frightened the retail side, though perhaps not the institutional side. Great company, but needs to prove itself over the next quarter or two.

Doesn't know it that well. This hasn't bounced as much as other tech stocks, perhaps because it's in fintech, and that may mean it won't bounce back as soon or as high as other tech.

He once owned it, but was disappointed by it. They should have added more guidance before their last report. Guidance was a big problem. But it's certainly cheaper now and you can own it here, as well as $18.50 and maybe $16. In a competitive field with Shopify and PayPal.

Recent IPO in Canada. Volatile business. 2023 a tough year for smaller tech names with higher interest rates. Will continue to hold business. Believes company will be able to raise earnings. Is expecting strength in share price. 

Timing on entry was not excellent. Loud and vocal short-seller took a lot of momentum away. Now discounted compared to other payment processors. Getting mojo back on the price chart.

Has recently bought shares. Stock weakness due to payment space difficulty. Technology changing which makes it hard to judge cash flow. Overall, is a good company. 

Has lagged the Canadian tech sector. Used to own, wouldn't be back in soon. On its recent partnership with ADBE, he tends to own the big payment systems like MA and Visa, big beneficiaries of the resurgence in the economy.