Out Fox The $treet

  Affirm announced an exclusive deal with Amazon lasting just 13 months at the cost of 22 million shares. The BNPL provider forecasts massive 13% operating margin losses this year before factoring in the $2+ billion in-effect marketing cost for the Amazon deal. The stock now trades at an absurd $53 billion market cap which is ~90x FY22 net revenues. I do much more than just articles at Out Fox The Street: Members get access to model portfolios, regular updates, a chat room, and more.  Learn More » Affirm  ( AFRM ) is surging again following news of the BNPL deal with  Amazon  ( AMZN ) expanding to an exclusive deal. The deal comes at a very high cost to shareholders over looked by the market. My  investment thesis  remains Bearish on the stock, especially after an irrational rally on the deal with the leading e-commerce retailer. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more...

  Affirm plunges following a weak sequential guidance for FQ4. The BNPL service continues to onboard Shop Pay merchants providing a substantial growth opportunity. The fintech takes on more credit risk than probably understood by the market at the time of the overhyped IPO. The stock remains expensive based on pure revenue metrics of 14x FY22 estimates. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio.  Learn More » The buy now, pay later stock continues to slump as the market right-sizes their view on  Affirm Holdings  ( AFRM ). The stock surged to nearly $150 following a hot IPO, but Affirm has now slumped below $50. My  investment thesis  remains Bearish on the stock as guidance doesn't match the huge ramp in merchants. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details.  Update - July 19 The lowe...