So I'm reading about this company, and you can do the same thing with a credit card.
I mean wtf?
Automatic currency conversions? If you're from Spain and visiting NYC, they talk about the advantage of paying your bill with this thing, because it's an auto conversion back to Euro's.
https://www.flywire.com/resources/how-flywire-differs-from-payment-processors
Well, lol, any halfway decent credit card does the same thing. Right? Right.
Oh... pay tuition? Well not only can someone do that with a CC, but if they don't have one, Western Union can do an ABA transfer to any bank account in the world. For like a $10 fee. Does the University not have a bank account? And besides, as far as I know, tuition is paid once per semester. How much are they milking these kids for?!
How does this company make money Stoney?
It's trading at 300X EV/ebitda, 16.7X sales, no free cashflow, and a negative 12% pretax margin.
I mean... the lemonade stand that makes $1000/year profit that I always use as an example just went from a selling price of $60,000 to a price of $275,000.
No thanks.
QUIT READING WEBSITES THAT RECOMMEND STOCKS!
These stocks are worthless now.
Find a company that makes money and trades with multiples in line with what I wrote earlier if you must roll the dice.
Your funny Stoney... you have the coyones to bash Twilio or a firesale powerhouse like THO, but you pick garbage like this.
Whatever. I'm sure it'll pop on a SA writers upgrade.
Edit: you wanted me to look at.
I did. That's my opinion fwiw.
