Foley Trasimene Acquisition II Is an Excellent SPAC Play As EV Fatigue Sets In. Foley Trasimene Acquisition II Corp. (NYSE:BFT) stock is down 1.3% in the past month. For my money, this company is one of the most attractive special purpose acquisition companies (SPACs) out there.
Similarly, Is BFT merging with Paysafe?
Paysafe Group Holdings Limited, a leading specialized payments platform, and Foley Trasimene Acquisition Corp. II (NYSE: BFT), (BFT WS) (« Foley Trasimene »), a special purpose acquisition company, today announced that they have completed their previously announced merger.
When did PSFE go public? On August 21, 2020,Foley Trasimene Acquisition Corp. II (the “Company”) consummated its initial public offering (“IPO”)of 130,000,000 units (the “Units”).
Thereof, Is Paysafe profitable?
Paysafe is also expected to turn profitable, with statutory earnings of US$0.11 per share.
Is Paysafe a good investment?
Paysafe Has Little Appeal to Growth and Value Investors
You’ll see that there’s not only not much appeal here for growth investors, but there’s not much to excite value investors with Paysafe, either. Given the company’s high depreciation and interest expenses, it’s in the red on a net income basis.
Is Paysafe limited a good stock to buy?
After Paysafe (NYSE:PSFE) stock tumbled recently due to the company’s slightly weaker-than-expected third-quarter results and guidance reduction, PSFE stock remains a great pick for some investors.
Why is PSFE down?
Paysafe stock is partly down due to meager revenue growth. Through the first three quarters of 2021, revenue is only up 5.6% from the comparable period of 2020. However, the stock is also down because the company’s operating loss has worsened, despite generating higher revenue.
When did BFT stock merger?
II (NYSE: BFT), (BFT WS) (“Foley Trasimene”), a special purpose acquisition company, today announced that they have completed their previously announced merger. The merger was approved at a special meeting of stockholders of Foley Trasimene on March 25, 2021, and closed today, March 30, 2021.
Who owns PSFE?
Paysafe is not owned by hedge funds. Our data shows that PI Holdings Jersey Limited is the largest shareholder with 22% of shares outstanding.
Who will acquire Paysafe?
Paysafe (ticker: PSFE) opened for trading Wednesday on the New York Stock Exchange. Last week, shareholders approved Paysafe’s $9 billion sale to Foley Trasimene Acquisition Corp II , the latest special-purpose acquisition company from Bill Foley. Blackstone Group (BX) and CVC Capital now own a majority of Paysafe.
Who has invested in Paysafe?
Top 10 Owners of Paysafe Ltd
| Stockholder | Stake | Total change |
|---|---|---|
| BlackRock Fund Advisors | 1.69% | +67.27% |
| SSgA Funds Management, Inc. | 0.95% | +112.36% |
| Canyon Capital Advisors LLC | 0.88% | +1.63% |
| Adage Capital Management LP | 0.55% | +1.90% |
Why is paysafe down so much?
Paysafe stock is partly down due to meager revenue growth. Through the first three quarters of 2021, revenue is only up 5.6% from the comparable period of 2020. However, the stock is also down because the company’s operating loss has worsened, despite generating higher revenue.
How much debt does Paysafe have?
Paysafe’s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $19 Mil. Paysafe’s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2021 was $2,776 Mil.
Does Paysafe have debt?
Paysafe currently has a relatively high level of debt. Typically, debt shouldn’t exceed 40% of your equity, which in Paysafe’s case is 84%. A higher level of debt requires more stringent capital management which increases the risk in investing in the loss-making company.
What is going on with Paysafe?
Paysafe stock is partly down due to meager revenue growth. Through the first three quarters of 2021, revenue is only up 5.6% from the comparable period of 2020. However, the stock is also down because the company’s operating loss has worsened, despite generating higher revenue.
Is Paysafe a safe stock?
Paysafe is making effective changes that are helping to expand out to new businesses and improve existing ones. There are low risks to the recovery thesis due to compressed valuation. At the current valuation, the company’s stock is undervalued and has significant upside going into 2022.
What is the future of Paysafe?
According to its forecast, the Paysafe share price could drop substantially to 0.006 by May 2022. However, analyst predictions compiled by TipRanks were more encouraging, with the consensus target for the 12-month share price at $5.38 per share. The stock projection varied from the low of $4 to the high of $7.
Is paysafe stock undervalued?
In short, Paysafe’s valuation adjustment has not made it go from overvalued to undervalued. Instead, it’s more or less trading at fair value. With this, there’s not much appeal in it as a value or deep value play.
Is paysafe undervalued?
At the current valuation, the company’s stock is undervalued and has significant upside going into 2022.
Is PSFE a buy now?
PAYSAFE Stock Forecast FAQ
Out of 9 analysts, 2 (22.22%) are recommending PSFE as a Strong Buy, 4 (44.44%) are recommending PSFE as a Buy, 3 (33.33%) are recommending PSFE as a Hold, 0 (0%) are recommending PSFE as a Sell, and 0 (0%) are recommending PSFE as a Strong Sell.
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