Payoneer: Overblown Risks
A short report questioned the validity of the (PAYO) payments customers just as the company completed a SPAC deal. The stock only slipped slightly back below $10 on what should've been a very negative hit on the prospects of a newly public company. My investment thesis remains very bullish on the gig economy payments leader, as the market only now starts learning about the stock.
Update - July 28
So another analyst says $PAYO is cheap and the stock drops 4%... perfect sense. Maybe a double bottom here.