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Square Has Become Extremely Attractive Over The Last Several Months

Oct. 01, 2021 12:48 PM ETBlock, Inc. (SQ)MA, PYPL, V10 Comments
Khen Elazar profile picture
Khen Elazar


  • I analyzed Square eight months ago and found it to be an amazing company with very little margin of safety.
  • Since then, the S&P 500 was up 10%, and the stock was down 2%.
  • During the same time, the company has outperformed and is now even more attractive.

Modern credit methods including Square, Visa, Master Card, American Express and Discover II

jetcityimage/iStock Editorial via Getty Images


In February I analyzed Square (NYSE:SQ) after it has announced its quarterly results, and I found it to be an amazing company. I explained what I believe can be Square's most prominent growth opportunities

This article was written by

Khen Elazar profile picture

Analyst’s Disclosure: I/we have a beneficial long position in the shares of V, SQ 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.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (10)

rebowley profile picture
I am a tea reader(think chart). Clearly the shares are under pressure with all the short term averages(5, 10, 21, 50) all above the current price. The 200 ma is quickly approaching. Today looked like the first day of price stability. So, we have to keep a wait and see attitude. Personally, I am picking up several shares to keep an eye what develops. Will a bounce off the 200 day be in the cards?
Doesn't Square have a medium to high dependency on bitcoin?
@Frank30 it has zero dependency on bitcoin, aside from potentially less interest in cash app if the crypto markets tank
@Rleaton "How big a growth driver is Bitcoin? Cash App sales increased a whopping 666% in the first quarter. Without Bitcoin, Cash App sales rose a not-too-shabby 139%. Bitcoin revenue and gross profit both grew elevenfold year over year. For the whole company, total revenue was up 44% without Bitcoin year over year. That's still substantial, though a far cry from 266% overall."


So Square is a great company no doubt... but need to factor in the bitcoin risk into growth projections
@Frank30 I totally ignore all btc related revenue when I evaluate Sq. It's just noise. Translation it has zero impact on how I view Sq's growth projections, aside again, from possible negative side affects to cash app user growth and engagement.
Lol. Did you buy when it was unattractive? Bc you would be sitting up decent for 4-5 months of holding.
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