The Hindenburg Block Short Report Examined In Detail

Mar. 24, 2023 3:17 PM ETBlock, Inc. (XYZ) StockXYZ232 Comments

Summary

  • Yesterday, Hindenburg issued a long short report on Block and the stock dropped 15%.
  • I have read the full report and categorize the accusations in two categories: nothingburgers and more substantial claims.
  • Hindenburg points out something Block could do better and a risk, but I don't see any big red flags.
  • We're currently running a sale for our private investing group, Potential Multibaggers, where members get access to portfolios, market alerts, real-time chat, and more. Learn More »
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Introduction

Yesterday, famous short seller Hindenburg came out with a short report about Block (SQ) and more specifically about Cash App. That's why the stock was down 15% when I started writing this.

I have read the full report, which

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        From Growth To Value (Kris) is an individual investor with a long-term perspective. He targets high-quality disruptive businesses that have early multibagger potential. His rigorous research process provides him and his readers conviction in these companies.

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        Analyst’s Disclosure:I/we have a beneficial long position in the shares of 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. I have no business relationship with any company whose stock is mentioned in this article.

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