Opinion on the Afterpay and Square merger
Hi team, Just after an update and opinion on the afterpay and square merger. Tried to look up new code on the website to add to hit list but unable to find. Ticker is sq2. Thanks love your work. Ian
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Answer
Hi Ian,
SQ2 is the new code, its been trading on the ASX since the 20th January. We have updated the code however we have not updated our opinion or action framework on the stock.
We have the stock in the too hard basket, even after the merger, and with rival offerings such as that by CBA I think ongoing growth is likely to become harder & potentially more expensive.
