Stockchase Opinions

Jordan Zinberg Payfare PAY-T BUY Apr 08, 2024

It is one of his favourites with a fantastic business model, a very good core business and ROC, and trading at 8 or 9 times earnings. It is good for Uber drivers and others in the gig market since they can access their money quickly. The gig market is growing at 30% per year. It is not well known but there are lots of catalysts coming. It may move outside the gig space. For example it may start to provide fast access to capital in the fast food industry meaning that workers can access their money right after a shift. It is a capital light business.

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DON'T BUY
They own high yield securities which is an area that has been under pressure with interest rates going up. The best time is now past.