Is TYR being regarded as BNPL stock?
Has TYR been put in the same bracket as the BNPL? TYR has a history back to 2003 & currently over 62,000 merchants. Surely this stock price is underpriced sub $1? Thanks
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Answer
Hi,
I think you’ve answered your own question here, TYR is a transaction processing business which is still valued at $468mn but doesn’t yet make a profit or pay a dividend and there lies the problem, today’s market is not rewarding potential future growth.
While the stock is forecast to break even around 2024, our main concern is around competition. TYR had a first mover advantage as a lower cost competitor to banks point of sale systems, and they quickly gathered market share, however since those heady days they dropped the ball on execution at a time when new players were entering the space. While we think this is indeed cheap, it is actually a stock that we are more inclined to sell than buy – we are just trying to pick a better time to rip the band aid off!
