1 Thing You Should Know Before You Buy Square
The COVID-19 crisis was difficult for many companies last year, but some were able to benefit from the state of affairs. Some stocks in the financial sector struggled, especially real estate investment trusts and banks. Others benefited from the changes that stay-at-home orders mandated.
Payment technology companies like Square (NYSE: SQ) saw increased adoption as more transactions went from in-person to remote. Square's stock was a stellar performer in 2020, rising 189% in 2020. According to the latest financials, Square is exhibiting massive top-line growth. However, when you take a closer look at the numbers, the growth isn't as great as it first appears. If you've been debating whether to buy Square, here's what you need to know first.
Source Fool.com