Square Is a War-on-Cash Value Stock
Considering the ferocity of the global market sell-off due to the coronavirus, shareholders of Square (NYSE: SQ) ought to feel quite pleased at the moment. While the S&P 500 is down 3% year to date, shares of the digital payments company are up 27% as of this writing.
However, Square is still down about 20% from the all-time highs it reached over the summer of 2018 and has been stuck in sideways movement ever since. Admittedly, it sometimes takes years for stocks' prices to correct themselves. But with business growing by double-digits over that span of time and set to continue their momentum in 2020, this financial technology outfit is beginning to look like a value stock.
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Source Fool.com
