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SQ - Block: Chasing Momentum Is Extremely Risky For Shareholders
Square Inc. Class A
2024-04-01 08:23:06 ET
Summary
Judging future performance of Block's share price based on recent returns is very dangerous.
Falling term premium since November of last year had a profound impact on Block's share price.
At the same time, the last reported quarter has shown that little progress is being made on achieving profitability.
Investors buying Block, Inc. ( SQ ) at current levels are taking two enormous risks - one related to the growth stocks more broadly and one related to the business specifically....