Originally Posted by
Ogg
Looks like this one trick pony is running out of tricks (*sips hot Milo)...
Let's not forget that this company is nothing more than a stupid button app, operating in a niche of a niche. Founder has bailed and is sitting on a beach somewhere. The broker pump has ended as more retail holders pile in. How long before the other founder bails I wonder? This is going the way of the dodo. It was cool in 2012, but now it's old tech.
This is no Afterpay, far from it. Afterpay actually provides a service and has a business model. Pushpay is the type of crap that a 14 year old would come up with in high school. The only reason why this stock has been somewhat successful is that it somehow got thrown in with the other "high growth tech stocks". Yes, it has had an impressive "revenue" (churn) but why has the long term outlook on this stock not reflected it's short term performance, as it has with other tech stocks? It's because smart people are slowing realising that this is nothing more than a fad and are bailing.
If this company was any good it would have gotten to $10B already, which by today's global standards is small. It's not, it's at only $1b and dropping. As the saying goes, easy come easy go. My guess, is that this will be acquired for like $500m tops, sometime in the next 2-3 years, if it's lucky. Either that or a complete 'My Space' type wipe out.