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At 60-70 times earnings, this is not a great investment. He would step away. He likes the company, but now is not the time to buy. Stay away look at Visa or Mastercard.
High beta. He's traded it before. Sideways move during last year, and so is the 200-day moving average. Prefers the larger names in this space like Visa, Mastercard. Square focuses on the small merchants, who are more sensitive to the macro economic environment, especially at this stage of the cycle.