Square (NYSE: SQ)

What we love

  • Global digital payments market is expected to grow in the foreseeable future

  • Digital payments are becoming more popular daily

  • Government regulations have made it easier for digital payment companies to attract and retain consumers

  • Square’s CashApp is growing substantially, and now includes bitcoin and equity investment opportunities

  • Square provides guidance on how to start, run and expand their business

  • Square’s recent purchase of Afterpay allows them to expand into the “buy now pay later” market

  • In the past few weeks, their stock price has dipped in response to a potential increase in interest rates along with other tech stocks, which makes it a good time to buy

Potential Risks

  • Relatively low earnings and high P/E ratio

  • However, this may be due to the investments that SQ is making in its buyer and seller ecosystems to increase their reach

  • Markets are currently volatile with the rise of the Delta strain of COVID-19, inflation, and concerns over government debt

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