SQ - 7 Reasons To Buy Block

2024-07-01 14:22:58 ET

Summary

• Block's Q1 was the company's best quarter ever.
• Yet, the stock is down 11% YTD and 75% from all-time highs — it looks like dead money.
• Despite the negativity, I believe the stock offers long-term investors compelling value.
• I highlight seven reasons why.

Introduction

Block ( SQ ) — the parent company of Square, Cash App, and Afterpay — is down 11% YTD and 75%+ from its all-time highs of nearly $300.

Just by looking at Block's price chart, one might think that Block is facing an existential crisis with the stock possibly heading lower and lower over time.

Despite the constant negativity on the stock, I argue that now is one of, if not, the best time to buy Block stock. The company is much larger and more profitable than ever before, and yet, the stock is trading at the same level that it was six years ago....

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