| From: AmigaComputer | 8/10/2019 8:16:54 PM | | | | | | | To me, the sizeable selling off, the day after the disappointing Q2 announcement, tumbling the stock by 30% from its 52 week high, i feel could be in part due to Square selling Caviar for $410m to DoorDash. For those unfamiliar, Caviar is yet-another food delivery business. To me, the sale makes sense. Square should stick to its payment business model and not be trying to follow whats hot right now, entering markets that don't fit. On the bright side to the stock bad news, because Square bought Caviar for $44m they ended up making over $360m profit :) |
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| To: AmigaComputer who wrote (24) | 8/11/2019 2:53:23 AM | | From: Zen Dollar Round | | | | | I didn't understand the negative reaction to the Caviar sale either. I had never even heard of Caviar nor did I know Square owned them. You're right, they don't need to be in that market given the number of players already there. |
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| To: Zen Dollar Round who wrote (25) | 8/11/2019 12:47:58 PM | | From: inspbudget | | | | I hope the stock price will recover. The selling of the past few days has been extreme and illogical, IMO.
The company is still doing well and beat expectations - but a 25% drop in value because of a lower guidance? Its only a foretasted number, not an actual performance. |
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| To: SI Ron (Colonel Sammy) who wrote (27) | 9/16/2019 1:12:58 PM | | From: inspbudget | | | | Must admit that SQ has not performed well lately; presently sitting on fairly large losses, having bought a few hundred at $78.
There have been more hit pieces appearing on SA lately, a sign that shorts are feasting happily on the decline.
But from what I have heard, the company appears to be doing its usual thing, with nothing really bad happening other than general poor sentiment in the sector.
Hoping for improvement but resigned to possibly having to wait a long time. |
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| To: SI Ron (Colonel Sammy) who wrote (29) | 9/16/2019 2:04:22 PM | | From: inspbudget | | | | Thanks, Ron. yes, I do have this board marked, and follow it.
Not a lot of activity on it lately, for sure.
The results from Visa recently did not inspire a lot of excitement in this sector, unfortunately.
Maybe interest in FinTech sector will recover again one day. |
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| From: AmigaComputer | 10/10/2019 9:17:01 PM | | | | | | | Square will be releasing financial results for the third quarter on November 6. I am looking very forward to the results. Although they have been down a bit, it seems past investments could be bearing fruit in this upcoming report. Btw, the Zacks Rank system has SQ currently sporting a Zacks Rank of #3 (Hold). |
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| From: AmigaComputer | 11/15/2019 8:59:50 PM | | | | | | | Facebook just rolled out Facebook Pay. This makes them a yet-another competitor in the very crowded payment system market. This new service bridges Facebook, Messenger, Instagram, and WhatsApp. And is now considered a competitor to Apple Pay and Square. It begins rolling out this week (Nov 15) on Facebook and Messenger. |
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