Payoneer: On Track For A Big 2021
Payoneer reaffirmed strong 2021 financial targets, including 25% revenue growth. The SPAC had fallen back to the $10 PIPE price providing an ideal entry level along with big institutions. The stock trades at an EV of only 7.6x '21 sales targets. This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » As SPACs fall out of favor, an attractive business combination such as the deal for FTAC Olympus Acquisition (FTOC, FTOCU) to combine with Payoneer is even more appealing now. The global payments market has decades of growth ahead as more companies move to digital payments and the existing companies grow. My investment thesis is even more bullish as investors can acquire the digital payments leader for the same price as major institutions. Read the full article on Seeking Alpha. Disclosure: Long PAYO. Please review the disclaimer page for more details. Update - July 1 A few days ...