Opinions
Jim Cramer - Mad Money
Paysafe
PSFE-N
DON'T BUY
Aug 16, 2023
$13.925
Stock price when the opinion was issued
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BUY ON WEAKNESS
Buy more of this as it moves further into crytos by adding the crypto platform, Coinbase, to their portfolio. Shares have bottomed and though they haven't moved it, he would buy more.
Technology
HOLD
Shares soared after earnings He bought this when it went public as a SPAC, and it's down nearly 80% since then. The fundamentals such as net income--$90 million against a loss of $3 million--their iGaming up 50% YTD and adjusted EBITDA is up 11%. Their last earnings cycle was horrendous, but this one is a bounce. He's holding it because there's a disconnect between the fundamentals and the share price. What ruined PSFE was the SPAC attack (which ruined all SPACs). PSFE should be trading back at $18. Their digital wallet and acquisitions make this investible.
Technology
Though this is profitable, the only companies in payment processing he can recommend are Visa and Mastercard.