ABW Stock Exchange: All Things Investing

konceptjones said:
Anybody speculating on BYND? (Beyond Meat Inc). In the last 3 years shits went from 37.28 to 2.83 as of today. Gotta wonder if it's going to bounce back at some point or are they gonna fail.
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One thing I've been using AI for is stock analysis.
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Anyone have any wins lately. Last month I was up 60% in Reddit stock and 12% on Affirm. Both were gain made with one 2 weeks of my purchase.... On the bad end I am down 15% on Palantir
 
Klarna, (buy now pay later company) IPOd this past week. Anyone checking for them? Their financials look good and their payback rate is better than credit cards. Seems like an entry way for 18-25 to get things on credit , without having a credit card.
 

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703lexus said:
Klarna, (buy now pay later company) IPOd this past week. Anyone checking for them? Their financials look good and their payback rate is better than credit cards. Seems like an entry way for 18-25 to get things on credit , without having a credit card.
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I'm on the fence with this one.

From the little I read they assume all risk if people default on payments but they do generate revenue thru merchant fees.

I have some questions though. If someone has good enough credit why not just get a credit card? If klarna attracts more people who aren't qualified to get a credit card that heightens their risk doesn't it?

On the flip side, the more people u have struggling in an economy, I assume the more consumers they will attract to their services and I don't see the US economy improving anytime soon.

I know PayPal and affirm are some of their competitors so I'd research the performance of those companies before I decide
 
ChicagoFigure said:
I'm on the fence with this one.

From the little I read they assume all risk if people default on payments but they do generate revenue thru merchant fees.

I have some questions though. If someone has good enough credit why not just get a credit card? If klarna attracts more people who aren't qualified to get a credit card that heightens their risk doesn't it?

On the flip side, the more people u have struggling in an economy, I assume the more consumers they will attract to their services and I don't see the US economy improving anytime soon.

I know PayPal and affirm are some of their competitors so I'd research the performance of those companies before I decide
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Awww look at you.

You done growed up
 
ChicagoFigure said:
I have some questions though. If someone has good enough credit why not just get a credit card? If klarna attracts more people who aren't qualified to get a credit card that heightens their risk doesn't it?

On the flip side, the more people u have struggling in an economy, I assume the more consumers they will attract to their services and I don't see the US economy improving anytime soon.

I know PayPal and affirm are some of their competitors so I'd research the performance of those companies before I decide
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1) the majority of people that use Klarna or Affirm appear to fall in one of 3 categories. 1) those with no credit (ie young folk and immigrants); 2) those with bad credit (anyone); and 3) those that are hiding expenses (since these charges don't show up on your credit report/score unless you don't pay)

2) for Klarna the financials they released before their IPO stated their default rate was less than half of Visa and Mastercard

The buy now pay later companies are basically new credit cards making their own databases. Like credit cards they are fee free if you pay them of within 30 days. they also make money on the front end as the retailer gives them approximately 3% off the total that you see, so if you pay within 30 days they still made that 3% and had the ability to sell that data to others. Having that data for people under 25 is VERY valuable and may actually end up being sold to credit cards as a deciding factor in offering a legit credit card on the future
 
703lexus said:
1) the majority of people that use Klarna or Affirm appear to fall in one of 3 categories. 1) those with no credit (ie young folk and immigrants); 2) those with bad credit (anyone); and 3) those that are hiding expenses (since these charges don't show up on your credit report/score unless you don't pay)

2) for Klarna the financials they released before their IPO stated their default rate was less than half of Visa and Mastercard

The buy now pay later companies are basically new credit cards making their own databases. Like credit cards they are fee free if you pay them of within 30 days. they also make money on the front end as the retailer gives them approximately 3% off the total that you see, so if you pay within 30 days they still made that 3% and had the ability to sell that data to others. Having that data for people under 25 is VERY valuable and may actually end up being sold to credit cards as a deciding factor in offering a legit credit card on the future
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I just read about a klarna debit card that's being tested which doesn't affect your credit when u apply but can help build credit if u pay on time, used with Visa, tied to the app.

In my non expert opinion it will prob be a good long term buy but short term could be volatile. But if u think it'll grow over the next 5-10 yrs+ volatility just means more opportunities to buy at discount.

If I wasn't quadrupling down on HOOD this year I'd prob add it to my portfolio.
 
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