fintech stocks. good bargain?

Groupon
BoredCSGuy

Go to company page Groupon

BoredCSGuy
Apr 1, 2020 21 Comments

square, visa, paypal all looking very tempting but how do they make money if small businesses are shut and people dont spend much. Do you think these stocks are a good bargain right now? #investments

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TOP 21 Comments
  • Walmart
    AFamilyMan

    Go to company page Walmart

    BIO
    Been there, done that. Grey hairs.
    AFamilyMan
    For fintech do not read too much and too differently over the corona crisis, look at the landscape beyond a year.
    PYPL, Visa will face same weather like other stocks and since they know the drill, they may survive. Square is a different story, Square have got no experience of riding on such wave, they will have to prove it.
    Apr 1, 2020 2
    • Groupon
      BoredCSGuy

      Go to company page Groupon

      BoredCSGuy
      OP
      I mean there’s no question that PayPal and visa will survive. Both have amazing balance sheets. It’s a question of how much their growth will be slashed if there is a recession
      Apr 1, 2020
    • Walmart
      AFamilyMan

      Go to company page Walmart

      BIO
      Been there, done that. Grey hairs.
      AFamilyMan
      They won’t benefit, their trajectory will be as that of other tech stocks, taking some hit limited to 2-3 quarters, and slow paced survival over years.
      Apr 1, 2020
  • $SQ at $30 maybe.
    Apr 1, 2020 5
  • Google
    eXqN07

    Go to company page Google

    eXqN07
    I don’t know why people think that any stock is a good bargain right now. This country shed 3mm jobs in 1 week 2 weeks ago and the entire consumer discretionary sector has been obliterated. More and more people are being laid off and many others are being furloughed and forced to take paycuts. We’re getting ready to post horrid unemployment, wage, and gdp numbers. Since the payment companies are largely volume based businesses, they can’t avoid these dynamics as lower gdp/economic activity is highly correlated with fewer transactions, lower spend per transaction, and a reduction in the number of merchants.

    I’d be more bearish on square given their small business exposure.
    Apr 1, 2020 4
    • Indeed / Eng
      rainwater

      Go to company page Indeed Eng

      rainwater
      Yes things are getting worse it seems. My argument is that if you wait for things to look like they’re getting better you probably missed the bottom already in terms of asset prices. Since we don’t know when things will start to get better only that they eventually will, we buy on all significant declines.

      Some will prefer to buy when things are safe, volatility (vix) is low but by doing so you are missing out on the initial rapid increases that take place in a market recovery. Nothing wrong with it and feels safer.

      I am buying small amounts on declines now, doubling down on each 10% drop. Some simple calculations show this strategy will produce a lower average cost than waiting for the rebound and buying on the rise.
      Apr 2, 2020
    • Google
      eXqN07

      Go to company page Google

      eXqN07
      As today’s jobless number just showed, things are going to get much worse before they get better. All I know is that stocks have much further to fall.
      Apr 2, 2020
  • Indeed / Eng
    rainwater

    Go to company page Indeed Eng

    rainwater
    Buy square at 30 and buy again at 15. Double down if possible.

    Already bought some at 40.
    Apr 2, 2020 2
  • SAP
    stockcrash

    Go to company page SAP

    stockcrash
    Fintechs will see increase in usage compared to most other companies in general although they will also see decline in revenues like everyone. People prefer to shop online and so both sellers and buyer payments increase to an extent for stay at home shopping. But since globally people are not out and about, over all payments processing will decline. So I feel these are a loot right now given their prices.
    Apr 1, 2020 2