This SPAC Stock Is Down Over 60% but Here's Why It's Still a Buy
Digital-payments platform Paysafe Limited (NYSE: PSFE) went public in March via a special-purpose acquisition company (SPAC). This kind of investment vehicle was very popular among investors in 2020 and in early 2021, but lately SPACS seem to have lost their luster. Many high-flying SPACs have fallen in recent months, including Paysafe. As of this writing, it's down 60% from its all-time high.
In this video from Motley Fool Backstage Pass, recorded on Oct. 5, Motley Fool contributor Jason Hall admits that many SPACs probably deserve to be down. However, fellow contributor Jose Najarro doesn't think that Paysafe falls in this category. To the contrary, Jose sees Paysafe as a good stock to buy. Here's why.
Source Fool.com
