Affirm Holdings: Disastrous Financials, Facing Immense Headwinds

Summary:

  • Affirm has now plummeted over 90% from its all-time high.
  • The company’s financials are disastrous as loss continues to worsen substantially during the latest quarter.
  • It is facing immense headwinds from increasing competition and the weakening economy.
  • I rate the company as a sell.

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Investment Thesis

Affirm Holdings (NASDAQ:AFRM) had an insane bull run during 2021 but is now down over 90% from its all-time high, as rising rates and soaring inflation spooked investors. Despite the massive drop, I still think it

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Affirm

Affirm


Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.


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