Back to stock talk.
Regarding Affirm.
CNBC guru said "he wouldn't touch it."
Personally, I don't see a lot of risk here.
The company flat out said they they're making money going forward.
The CNBC guy was blabbing about the possibility of more delinquencies due to the economy.
I mean... does he not think the company is well aware of this fact when they calculated their guidance? Or maybe he's not aware that AFRM uses
all kind's of AI tied to a customer's spending habits, income, bank accounts, what time they go home from the bars, who they go home with, pet cat's name, and every other damn thing in their lives... before they so much as front them a penny.
That's why you see Macy's and all these others having more delinquencies, they issue credit the same way they always have. Affirm's delinquencies are down because they do it the new way. The zero-privacy way. Their AI profiles a person's life to an extent never before seen.
And zero interest loans? Lol. Guess again. They may start out that way, but a picture speaks 1000 words.
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Shorts are hitting it hard in ah's, but someone is absorbing all those shares. I'm surprised $14.70 has held as hard as it's being hit. I doubt those are retail orders buying it. Someone wants in.
It may drop tomorrow, but if it gets down near $13.... buy it with no fear.
This is a straight-forward company. I looked at the gaap vs non-gaap stuff. No smoke and mirrors.
