Stockchase Opinions

Jordan Zinberg Payfare PAY-T SELL Oct 25, 2024

Has owned shares in the past, but has since sold. Company lost biggest customer, so is suffering. Stock has sold off ~75%. Trading at cash value right now - but the company needs cash for business (not much liquidation value). Good management team, but has sold. 

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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.