MoneyLion: More Irrational De-SPAC Pain
Every day an investor can find a stock crushed after completing a de-SPAC transaction. In this case, (ML) completely collapsed following closing their deal with Fusion Acquisition Corp. back on September 22. My investment thesis is very Bullish on the digital banking platform with the stock now around $7.
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Update - Dec. 6, 2021
The more MoneyLion falls, the more investors will make over the long haul. At this price, the stock only trades at 1.5x '23 sales targets. The valuation is now priced for no growth while the fintech just reported adjusted revenues grew over 100%.
Update - Nov. 8, 2021
Easy call by Craig-Hallum on MoneyLion after the absurd de-SPAC dip below $6.