3 Things the Doubters Are Missing About Block
Payment and digital banking company Block (NYSE: SQ) has struggled over the past several months, falling nearly 60% from its all-time highs as of Monday's prices. Investors have soured on the stock, flocking to more defensive companies; meanwhile, tech giant Apple's decision to launch iPhone payment terminals, becoming a direct competitor with the Square seller ecosystem, could be making sentiment worse.
A company's path is not always smooth or straightforward, and understanding the difference between fundamental problems and temporary distractions is key to identifying good buying opportunities. Is Block a broken stock or a broken company? Here are three reasons investors should block out the noise and consider adding shares.
When boiled down to its most simple form, Block's business makes it simple to move money between people and merchants. For merchants, the seller ecosystem has grown from a payment terminal into an all-in-one hardware and software package that merchants can use to run their businesses.
Source Fool.com
