Nuvei Corp T.NVEI

Alternate Symbol(s): NVEI

Nuvei Corporation is a Canadian fintech company accelerating the business of clients around the world. Its modular, flexible and scalable technology allows companies to accept payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in over 200 markets, with local acquiring in 50 markets, 150 currencies and 716 alternative payment methods (APMs), it provides the technology and insights for customers and partners to succeed locally and globally with one integration. Its technology platform is purpose-built for eCommerce, integrated payments and business to business. Its platform enables customers to pay and/or accept payments worldwide regardless of their customers’ location, device or preferred payment method. Its technology includes gateway, global processing, APMs, currency management, global payouts, risk management, card issuing, open banking, data reporting, and reconciliation tools.

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Nuvei Corp > Nuvei Is Now The New "Nortel Networks"

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Post by NLMooseon Aug 09, 2023 12:04pm

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Post# 35579693

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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