| 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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| From: AmigaComputer | 12/18/2019 5:05:14 PM | | | | | | Jack Dorsey: The next decade belongs to Africa as technology ripples through the continent. I agree with him. I was visiting Nigeria and you could see the overwhelming popularity of mobile devices, data plans, AND the growing desire for mobile payments.
Although it was there, you could feel, at least in Nigeria, that there is a controlled effort by the telecoms(?) to resist the push by 3rd party mobile payment operators, instead preferring people to use cash via their telecom branded ATMs. It was very strange. People had to carry suitcases full of nairah (their local currency). But inevitably, apps like Square seem very well positioned to make huge waves in countries like Nigeria because their is a huge yearning for mobile payment methods there.
WorldRemit, a very popular mobile payment app, ironically built by a Nigerian, is used extensively in east African countries like Kenya, but it seems their west countries are still using cash despite a 95% mobile-use penetration rate. Everyone i saw had an iPhone, or some android device. So the consumers are ready, the infrastructure is mature. It just takes the will of a company like Square to cease it because the potential in this market, for this continent, is worth hundreds of $billions. |
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