How is affirm stock?
Although the stock went up to $40, it is down from its all-time high. Is the firm a good stock to buy now?
When rates come down, which they will soon enough, Affirm and the like will see a bump. Customers are eager to purchase with monthly installments, they are just waiting until this cycle is over and they can get approved for a better rate. You won’t see 2021 rates, but, lending will come back around and BNPL will see growth. I’d say it’s a buy.
BNPL is always shady and a ticking time bomb of lawsuit when a merchant failed to provide a service with Affirm taking no responsibility
Now isn’t a good time. They’re paying high interest rates on their money and defaults are rising. If you get a signal that either is trending down, that’s your entry point. Their price is due to news - Adobe data from Black Friday / Cyber Monday and the recent deal with Walmart.
Buy now .. Pay never ..
Shady business and mission, I’d avoid. They were only up because of people in need of the credit.
^ they have no idea what they are talking about
Sure lol. “Buy now pay later”, what can go wrong.