PSFE PARTNERSHIP WITH HUAWEI ONLINE CASH SERVICES - Rebound Time?
$Paysafe (PSFE.US)$ $PayPal (PYPL.US)$ $Block (SQ.US)$
After a terrible drop in price 40% from earnings release, there has been no uptick as of yet. PSFE entered the market through a SPAC under management by Foley. Upon initial glance they are in competition with PayPal, Square to name a few key competitors. They are a 20 year old company with a current market cap 2.85billion and a book value of 2.2 billion. They are currently trading 1.3x there book value.
After a terrible drop in price 40% from earnings release, there has been no uptick as of yet. PSFE entered the market through a SPAC under management by Foley. Upon initial glance they are in competition with PayPal, Square to name a few key competitors. They are a 20 year old company with a current market cap 2.85billion and a book value of 2.2 billion. They are currently trading 1.3x there book value.
there short comings are excessive debt that is eating up there free cash flow. Regardless of this they are an international company with a lot of potential in future years.
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