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Nuvei Corp T.NVEI

Alternate Symbol(s):  NVEI

Nuvei Corporation is a fintech company. The Company provides electronic payment technology solutions to merchants and partners in North America, Europe, Middle East and Africa, Latin America and Asia-Pacific. Its solutions span the entire payments stack and include an integrated payments engine with global processing capabilities and a suite of data-driven business intelligence tools and risk management services. The Company platform provides pay-in and payout capabilities, connecting merchants with their customers in over 200 markets worldwide. Its platform supports for more than 634 alternative payment methods, and over 150 currencies. It also enables online payments, mobile payment and in-store payments. Its platform enables customers to accept payments worldwide regardless of their customers’ location, device or preferred payment method. Its technology includes gateway, currency management, global payouts, card issuing, open banking, data reporting and reconciliation tools.


TSX:NVEI - Post by User

Nuvei Corp > Nuvei Is Now The New "Nortel Networks"
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Post by NLMooseon Aug 09, 2023 12:04pm
323 Views
Post# 35579693

Nuvei Is Now The New "Nortel Networks"

Nuvei Is Now The New "Nortel Networks"

For the last few years, Nuvei Corporation has become a tech marvel for the TSX.

However, after missing their profit forecast, the stock plummeted over 35% from $40.00 a share to just over $25.00 a share.

Keep in mind the same thing happened 23 years ago when Nortel Networks just missed their profit forecast and the stock plummeted dramatically, and then gradually descended to "penny stock status" no thanks to Chinese interference.

Now I'm worried that Nuvei is headed for the same gloomy path as Nortel Networks as its a tech marvel next minute, and then bankrupt the next.

In short, Nuvei is now the new "Nortel".

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