Block: Wonderful Company At A Fair Price


  • Block is a unique company that leverages two strong ecosystems simultaneously.
  • Having two ecosystems allows to exercise strong cross-selling power and increase switching costs for customers. This is a strong blend to build sustainable value for shareholders.
  • In my opinion, a company like Block deserves a notable premium to its fair value. At the same time, my valuation analysis suggests that the stock is approximately fairly valued.

Структура больших данных. Концепция блоков

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Investment thesis

I like companies which leverage robust ecosystems as this approach creates strong cross-selling opportunities and increases switching costs for customers, a formidable mix to build sustainable value for shareholders. In this respect, Block, Inc. (

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SQ over 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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