Affirm Holdings (AFRM) vs. MoneyLion (ML)
Technology
The tale of two Fintech companies - ML is several steps ahead in becoming a fintech super app. Robert Sassoon argues that the substantial value premium at which AFRM is currently trading makes no sense given the potential headwinds from heavier regulation and increased competition likely to confront pure-play BNPL companies. A grossly undervalued ML (400% upside) and pricey AFRM (30% downside) offers a highly lucrative pair trade idea with potential to yield an outsized return in 2022.
Edition: 126
- 07 January, 2022