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Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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.


TSX:NVEI - Post by User

Nuvei Corp
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Post by AlwaysLong683on Aug 09, 2023 9:02pm
323 Views
Post# 35580834

Looks Like Spruce Point Was Right

Looks Like Spruce Point Was Right
Interview with Ben Axler of Spruce Point on BNN Bloomberg (shorted Nuvei) on April 18 vs. Interview with Nuvei CEO Phillip Fayer and Ryan Reynolds later that same day. Nuvei closed at 56.41 that day.

If they hadn't already done so, I suspect Spruce Point likely covered their short today.

Personally, I am always skeptical about companies that grow too much too fast via debt and/or serial acquisitions. Sometimes it can pay off (e.g. Amazon), but I believe there are likely more busts than success stories when companies go this route, especially in a rising interest rate and inflationary environment.

As points of reference:

NASDAQ 100 closed down 1.12% today.

NASDAQ Composite closed down 1.17%.

Nuvei closed down 39.43% on the NASDAQ.


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