Affirm: Black Friday Gains Provide A Great Opportunity To Sell

Summary:

  • Affirm stock has risen more than 70% in the last month.
  • The company’s premium valuation does not reflect the reality that it is the #5 BNPL provider, competing with more advanced fintech companies, banks and credit card companies, and Apple.
  • Affirm is likely to continue to dilute shareholders and looks like a poor investment at today’s price.

BNPL Buy now pay later online shopping concept. Businessmen using a computer to BNPL with online shopping icons technology.

Khaosai Wongnatthakan/iStock via Getty Images

Affirm stock (NASDAQ:AFRM) is up more than 70% in the last month, with renewed enthusiasm following another deal with Amazon, this time to offer their payment services to Amazon Business users who are sole proprietors (about 23


Analyst’s Disclosure: I/we have a beneficial short position in the shares of AFRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *