Payfare Inc. PYFRF

Jordan Zinberg - BNN - BUY

[Possibleidiot01]

BUY

Payfare(PAY-T)

08/04/2024

 

It is one of his favourites with a fantastic business model, a very good core business and ROC, and trading at 8 or 9 times earnings. It is good for Uber drivers and others in the gig market since they can access their money quickly. The gig market is growing at 30% per year. It is not well known but there are lots of catalysts coming. It may move outside the gig space. For example it may start to provide fast access to capital in the fast food industry meaning that workers can access their money right after a shift. It is a capital light business.

Financial Services

 

N/A

Owned

[RawSienna]

Would love if they could get into the fast food space and I really think it belongs in every industry myself but they'll have to move fast as Burger King is already there with with Tapcheck https://tapcheck.com/landing/burger-king/

[1condor]

Lets first start by getting these delayed earnings out. This is holding the stock back. If this isnt corrected on the 12th the stock will take another one on the chin. It has already pulled back considerably because of this.

[WillyGreen]

Condor - there has been significant selling through CIBC. When they are done, this could move hard. Questrade on this below $6.20. Obviously hard to predict who is selling/buying, but the patterns are clear. Anything below $6.20 is a bargain. Accounting may not be ready for April 12th but can't be much longer. Would buy on dips. 

[1condor]

WillyGreen..my price in this stock is 6.12. Not a huge position at this time as the risk is much higher right now. Not only with the markets in general but this earnings fiasco. If they dont fix this on the 12th this stock will be deep in the 5's.

[WillyGreen]

I have a large position at $6.30. Prepared to add much more in the $5s if it gets down to those levels. With $65-70m on the balance sheet and $2m a month fcf, it is realistic takeout target or consolidator for future growth potential.   Cibc is a constant seller so clearly someone needs to get out. When that seller is done, it will bounce back. 

[WillyGreen]

If you see CIbc off the sell side ... 

[RawSienna]

It's a rotten shame we had this delayed report hanging over us when we got the mention on BNN,  PRL.TO has rocketed after it aired. 

[WillyGreen]

Will all be fine soon enough