Is BFT a hold or sell on Robinhood?
BFT | Complete Benefit Systems S.A. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
Is the stock in the middle of a falling trend?
Mar 16, 2021 · The SPAC boom continues. In December, Foley Trasimene Acquisition Corp. II (NYSE: BFT) announced a merger with Paysafe, a global player in the online payments sector. Indeed, this announcement was ...
What is the upside for Foley Trasimene Acquisition's Stock?
4 hours ago · But the Rivian Automotive ( RIVN -4.02% ) CEO is warning of a much bigger looming supply issue, and that has the stock down to start this week. After sinking as …
Why are growth stocks falling?
Apr 15, 2021 · Stocks in the business of hydrogen fuel are not the only ones dropping as a group today. Those related to other alternative energy solutions …
Is BFT stock a good buy?
Some wary investors even wondered if it was worth it to hold on to the BFT stock before the Paysafe deal went through and to put those worries to test, BFT stock is a great long-term investment. Here are a few reasons why you should consider having it on your portfolio.
What did BFT turn into?
PaysafeFollowing the completion of the Business Combination, the newly combined company will operate as Paysafe and trade on the New York Stock Exchange (NYSE) under the symbol “PSFE” and is expected to start trading on Wednesday, March 31.Mar 25, 2021
Does Paysafe have future?
According to its forecast, the Paysafe share price could drop substantially to 0.006 by May 2022. However, analyst predictions compiled by TipRanks were more encouraging, with the consensus target for the 12-month share price at $5.38 per share. The stock projection varied from the low of $4 to the high of $7.Dec 15, 2021
Who owns BFT stock?
While it looked good then, it might be time to get out of BFT stock. Martin generally had good things to say about Bill Foley, the man behind BFT and Fidelity National Financial (NYSE:FNF), the company Foley acquired in a $3 million leveraged buyout in 1984 and built into a financial services powerhouse.Feb 24, 2021
Is BFT a good SPAC?
Foley Trasimene Acquisition II Is an Excellent SPAC Play As EV Fatigue Sets In. Foley Trasimene Acquisition II Corp. (NYSE:BFT) stock is down 1.3% in the past month. For my money, this company is one of the most attractive special purpose acquisition companies (SPACs) out there.Mar 29, 2021
Is BFT merging with Paysafe?
The announcement of Foley Trasimene's merger with Paysafe took place on Dec. 7, 2020.Apr 20, 2021
Is Paysafe undervalued?
At the current valuation, the company's stock is undervalued and has significant upside going into 2022.Jan 2, 2022
Is Paysafe a good long term investment?
After Paysafe (NYSE:PSFE) stock tumbled recently due to the company's slightly weaker-than-expected third-quarter results and guidance reduction, PSFE stock remains a great pick for some investors.Dec 6, 2021
Why is PSFE so low?
Revenue growth stemming from its exposure in the U.S. online gambling trend is replacing — not supplementing — revenue from its more mature segments. That's why Paysafe reported such lackluster numbers for Q3 2021 (ending September 30, 2021).Feb 16, 2022
Can I buy Paysafe stock?
It's Finally Safe To Buy Paysafe Stock Now.Nov 9, 2021
What does Foley trasimene do?
Foley Trasimene Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.Jun 30, 2021
Why BFT stock is falling
Paysafe versus Paypal
After hitting a high of $19.24 on Jan. 21, BFT stock has fallen by more than 23 percent. There has been a broad-based sell-off in SPACs. Fintech stocks have also been under pressure amid the recent sell-off in tech stocks. The large-scale COVID-19 vaccinations should get the economy back on track during the year.
Paysafe's valuation
Paysafe competes with many players in the space, including PayPal (PYPL), Square (SQ), Stripe, and Payoneer. One of its largest competitors is PayPal. While Paysafe and PayPal operate in the same market, there's scope for multiple players in this space.
Paysafe is a good fintech stock to buy
When it comes to valuation, according to TIKR, PayPal is trading at an EV-to-NTM EBITDA multiple of 37.2x. According to Paysafe’s presentation, adjusting its EBITDA estimates for 2021 and 2022 to calculate it for NTM, the EV-to-EBITDA multiple is 15.5x. Therefore, PayPal has a higher valuation compared to Paysafe.
BFT stock forecast
Paysafe has exposure to the expanding online payments market and it also facilitates standard brick-and-mortar point-of-sale transactions. The brick-and-mortar transactions are expected to benefit from the pent-up demand after the COVID-19 pandemic. Another strong catalyst for Paysafe is the strong growth expected in igaming.
Why is Paysafe stock dropping?
BFT has fallen over 23 percent from its highs. However, the drop doesn't have anything to do with company-specific factors. The fintech names sold off along with the overall market. Therefore, the pullback in BFT's stock price gives investors an attractive opportunity to buy the stock at a cheap price.
What is the EV to EBITDA multiple for 2021?
There hasn’t been any company-specific news in the recent past. The drop, therefore, has mainly due to do with the macroeconomic considerations.
How much is PSFE's EV?
These figures imply an EV to EBITDA multiples of 19.6x and 16.8x for 2021 and 2022, respectively. Its major competitor, Paypal, is trading at an EV-to-NTM EBITDA multiple of 40.6x, according to TIKR, which is much higher than Paysafe.
When did Paysafe go public?
PSFE’s current EV is close to $11 billion, based on its current market capitalization and pro forma net debt. Based on PSFE’s own projections, its EBITDA should be $561 million and $655 million for 2021 and 2022, respectively. These figures imply an EV to EBITDA multiples of 19.6x and 16.8x for 2021 and 2022, respectively.
Who is Wolfe Research?
Backed by Fidelity National Financial chairman William Foley II, Foley Trasimene Acquisition Corp. II (BFT) took Paysafe public in March 2021. The transaction closed on March 30 and the ticker symbol change from "BFT" to "PSFE" became effective on March 31 on NYSE.
Is Paysafe a global player?
Wolfe Research initiated on the stock on April 7. The firm’s analyst, Darrin Peller sees the company’s position as a leading digital wallet provider and “niche” merchant acquirer to help it establish a dominant position in areas such as internet gaming, property management, and cryptocurrency trading.
Who is the founder of BFT?
Additionally, Paysafe is a global player, with impressive penetration in key markets in North America and Europe. The company’s potential is highlighted in Paysafe’s financial projections. The company estimates it will facilitate more than $100 billion in transactions this year.
The streaming television and sports-betting service has been out of favor with investors for the last month
Bill Foley, founder of BFT, has an incredible track record of finding, and creating, value with companies. Either via spin-off or consolidation, Foley’s track record speaks for itself. The fact he chose Paysafe as a target speaks volumes about this stock.
What happened
Howard grew up in Philadelphia watching the Philly sports teams struggle for championships. He has been investing since 1989 and been a Fool since 2001. Prior to joining The Fool as a contract writer in 2019, Howard worked in the steel business as an engineer for 28 years.
So what
Shareholders of fuboTV ( NYSE:FUBO) have been on a wild ride since the company went public last year. After a sharp spike up on high potential and speculation, a short-seller report helped knock shares right back down.
Now what
There was some minor news from the company earlier this week but nothing that should have impacted the direction of the stock. Fubo filed its annual report for 2020 yesterday, but there doesn't look to be anything investors didn't already know.
