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Mogo Inc T.MOGO

Alternate Symbol(s):  MOGO

Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company also offer a digital payments platform that powers card programs for both established global corporations and fintech companies in Europe and Canada.


TSX:MOGO - Post by User

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Post by zalmonellaon Jan 28, 2022 1:43pm
322 Views
Post# 34372339

HOOD reporting is indicative

HOOD reporting is indicative....of the crappy market for commo-free trading.  It's clearly an advertising method, not a serious business. MOGO would be wise not to put too much attention or money into it and concentrate more on the retail lending market.  Doesn't grow as quickly perhaps but produces steady earnings. It's trading pretty close to fair value based on cash flow (I can't tell what the BV assets are supposed to be in a company like this) but with earnings only projected to grow by 15% over the next year, that's not much and not much reason to hope for more. Anyone who's heavily invested will have to wait for a BTC rally to get out.  And maybe that will occur next year, but in the face of higher interest rates, I'm not holding my breath.
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