I might be missing a massive opportunity in $FSRV and Katapult.

Thread on why i am not keen to bet on this so called SPAC gem beyond a minor gamble ride the hype stake

a. Revenues include gross merchandise purchased and not net fees and interest. This is misleading...

It is easy to project astronomical revenue projections and look cheap based Price to Revenue basis

B. Glassdoor Volume of ratings and website traffic or keyword hits are pretty poor

C. No social media spurt from consumers yet either positive or negative $FSRV

D. The business includes borrowing and re-lending. The sub prime customer borrower profile historically shows liberal underwriting can result severe losses wiping the business when things go bad.

(With Fed printing dollars and stimulus checks MAY BE, this time can be different)

E. Only just 50 M of the SPAC deal goes into the balance sheet to aid the business operations, the rest of the deal is profiting the insiders with abundant equity and sell over money $FSRV

F. It is a myth that $FSRV or Katapult can better improve underwriting with its superior algorithm or data points and undercut losses by better credit appraisal for subprime customers. Many companies did this and they burnt their hands. There is a reason AFFIRM doesn't do this

G. Is there an opportunity in subprime consumer small ticket lending? A big Yes

Are there risks in this business beyond execution? A big Yes

Can i take a minor ride the SPAC hype stake?A big Yes

Can i invest heavy for long term super profits? Wait and watch

$FSRV, Katapult