Payfare Inc T.PAY

Jordan Zinberg

[divime1]

is on BNN at noon today .

26/07/2024 Top Pick 

Canadian fin tech business that provides instant access to gig worker economy. Trading at low multiple, with high profit margins. Unsure on why valuation is so low. Believes market will soon recognize value and re rate the stock. Recent announcement with Lift very good for long term profits. 

[lscfa]

I sure he dumped his shares.

[lscfa]

He sold his shares and took a loss. Is avoiding because there is no visibility. Not sure how much of the $2/sh cash will get burned when Doordash leaves.

[WillyGreen]

This is where fortunes are made. I don't care what analyst say especially when the missed the chance  of  DoorDash not renewing the contract. Not much cash burn of 100m and still making 2m a month until the end of the DoorDash contract in February. Worth $3.50 all day long. 

[Possibleidiot01]

stockchase.com SELL Payfare(PAY-T) 25/10/2024   Has owned shares in the past, but has since sold. Company lost biggest customer, so is suffering. Stock has sold off ~75%. Trading at cash value right now - but the company needs cash for business (not much liquidation value). Good management team, but has sold.  Financial Services  

[billearl]

So buy high and sell low? I've increased my holding and await Payfare's investor conference call on Nov 6 (after market close).

[WillyGreen]

Bought my entire position around $2.08. Large holding now. Will buy more here. 

[1condor]

WillyGreen...I still believe PAY will have to retest that low around 1.75. So keep some powder dry if you intent to add on weakness.

[WillyGreen]

1condor  - thanks. I like it here. Will like it even more at  1.75.  

[WillyGreen]

This is really the sort of thing where you should accumulate and hold your position. Just too cheap. 

[WillyGreen]

Selling persistent but buying occurring at $2.08. The sell volume is slowing down. If you haven't been margined out or sold for tax loss selling yet, you are sticking around to see where this goes. If ii am right that this is worth $3 - 3.50 on a tap out, I will be good. If not, then $1.75-1.80 is my downside risk so I like the bet. 

[WillyGreen]

Cibc  sitting on the sell side at $2.08. Nice iceberg but can't have too much left. 

[WillyGreen]

Hmm. Questrade bought another 96000 at a vwap of $2.07 today. 

[malx1]

Lol  

[WillyGreen]

MALX1 - me thinks Questrade buyer will see $2.50+ tomorrow 

[WillyGreen]

  Let's see if this ages well. Circle back in 3 months. 

[1condor]

billearl...are you using a stop loss on your play with PAY?

[billearl]

No stop loss, although I wish I'd used one when it was at $8.

[Sucker111]

And this is the stock I follow him on.  All his other stocks are up huge, but this is the one I choose.  F me.

[Sucker111]

And I still don't know why DoorDash left them.