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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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Bullboard - Stock Discussion Forum 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... see more

TSX:NVEI - Post Discussion

Nuvei Corp > Looks Like Spruce Point Was Right
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Post by AlwaysLong683 on Aug 09, 2023 9:02pm

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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