Payoneer: Strong Start

Aug. 13, 2021 5:16 AM ETPayoneer Global Inc. (PAYO) StockPAYO48 Comments

Summary

  • Payoneer got off to a strong start as a public company with 42% revenue growth.
  • The company disappointed on guidance due to weak payments volumes, but Payoneer still forecasts revenues to beat original 2021 estimates by $13 million to reach $445 million.
  • The stock remains cheap at ~6x '22 EV/S targets.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
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After completing the business combination with the FTAC Olympus SPAC back at the end of June, Payoneer (NASDAQ:PAYO) just reported a strong first quarterly report as a public company. Unfortunately, the market overly stressed on some of the

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Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of PAYO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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