Block Stock: Buy, Sell, or Hold?
Many high-flying tech-focused enterprises that benefited tremendously from the coronavirus pandemic have since fallen back to Earth. Block (NYSE: SQ) is a great example. Even more discouraging, shares have lost money in the last five years, which is extremely discouraging.
For investors with a long-term mindset, this performance just means now is a good time to reassess the company's situation in terms of its long-term potential. Should investors buy, sell, or hold this fintech stock?
Block operates two independent ecosystems that have each been successful on their own. The Square segment specifically targets both brick-and-mortar and online-only merchants, providing them with the various tools necessary to not only accept payments, but to smoothly run their operations. And with Cash App, Block has a smartphone-based leading personal finance offering that caters to individuals, with a focus on increasing convenience and improving the user experience.
Source Fool.com
