RE:RE:Affirm porksniffer wrote: Torontojay wrote: Affirm shares traded at US $ 119.13 on Sept 30 and $ 67.35 on June 30 The unrealized gains from this investment will be HUGE in the upcoming quarter and we will see another record quarter in profits!
It's a good idea to accumulate shares at today's bargain prices.
Actually Affirm is at $143. But some of the Affirm shares are hedged via return swap. The remaining 468,000 shares are unhedged so around $67 million USD at $143/share.
Today the share price closed at US $ 141.19
Under the operating income line which falls under the heading "other income" there will be a large increase in unrealized gains from the Affirm equity stake. This will show up in earnings in Q3 which explains the reason for the share price from June 30th to Sept 30th for Affirm Holdings. As you mentioned, the share price has now increased further from the Sept 30th closing date which could also bode well for Q4 if this momentum continues.