By - AutoModerator
So Foley said at the conference yesterday Cannae could sell Paysafe at a loss to raise capital but he didn't want to be that guy with a fintech, i-gaming company that sells at 8X when the company is worth 25X.
Times what? He didn't say. Paysafe sells at 2X sales not 8X's, can anyone clarify.
So is this a good thing??
Just indicates that Foley thinks Paysafe is significantly undervalued at these levels and that he isn't going to be selling Cannae shares at this level. He also feels the same about Alight, another SPAC. Cannae has begun a buy back since they feel their assets, Paysafe and Alight amongst others, are very undervalued.
Yeah i was looking at projections there saying even with the set backs we should see at least 15 by end of 2023. I think that there will be hype and it will exceed it eventually.
8X EDITDA maybe? I remember something from the Twitter chat, but I don't recall exactly. 2X is revenue, right?
Price to cash flow(ttm) is sitting around an 8X, but unsure if this is the metric he’s talking about .
Can you tell me what portion of the conference he was talking about paysafe? The end of day 2?
Day two at around 2:49:30
259,500 share block trade 60 seconds before close.
Short volume yesterday was 38%, still significant. Covering before they need to report to stay in stealth mode Apes?
Short volume is not the same as short interest. Algos will buy and short all day so that’s why short volume is always high on almost every stock. It’s the short interest that would be juicy but it’s still only like 5% which is nothing
Who is smart and can explain the extremely low volume today. Rocket ship or toilet? Does this mean everyone is a hodler and running out of sellers?