MoneyLion: More Irrational De-SPAC Pain
MoneyLion collapsed to $6 following the de-SPAC transaction. The digital banking platform recently hiked revenue guidance for 2023 by 24% with 84% growth rates. The stock only trades at 3x revenue estimates despite the projected fast growth and the move into crypto and BNPL. Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our model portfolio. Learn More » Every day an investor can find a stock crushed after completing a de-SPAC transaction. In this case, MoneyLion ( 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. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details. Update - Dec. 6, 2021 The more MoneyLion falls, the more investors will make over the lo...