Why Investors Shouldn't Get Burned by Toast Stock
The value proposition of Toast (NYSE: TOST) continues to draw restaurants and investors alike. The fintech company's focus on the restaurant industry's specialized needs has made it competitive against larger companies like Block, which has sought to become the fintech company of choice for businesses.
Nonetheless, Toast had the misfortune of launching its initial public offering (IPO) in September 2021, near the height of a bull market. Consequently, the stock has fallen about two-thirds from the $40 per share IPO price. Despite that history, the fintech stock likely deserves a closer look, and here's why.
Toast has stood out by building a fintech ecosystem specially tailored to the restaurant industry. By streamlining processes such as payroll, scheduling, billing, payments, and other functions into one ecosystem, restaurants can better organize key functions, thus saving money.
Source Fool.com
