Pakorn Supajitsoontorn/iStock via Getty Images Before there was AI, there was BNPL. Affirm ( AFRM ) has shown that the buy now, pay later industry isn’t just a pandemic fad. The company’s ability to sustain aggressive growth rates alongside GAAP profitability indicates that we might still be in the early innings of a payments revolution. The stock still looks reasonably priced given the company’s ...
Pakorn Supajitsoontorn/iStock via Getty Images Before there was AI, there was BNPL. Affirm ( AFRM ) has shown that the buy now, pay later industry isn’t just a pandemic fad. The company’s ability to sustain aggressive growth rates alongside GAAP profitability indicates that we might still be in the early innings of a payments revolution. The stock still looks reasonably priced given the company’s aggressive growth potential in the medium term. I rate the stock a "B uy" (a slight downgrade from my prior "S trong Buy" rating). AFRM Stock Price I last covered AFRM in February , where I upgraded the stock to a "S trong Buy" rating due to the depressed valuation and inflection in profitability. The stock has soared around 34% since. Data by YCharts With both growth and profitability roaring in full steam, this is no time to sell. AFRM Stock Key Metrics AFRM is a buy now, pay later company. Sometimes this gets a bad reputation, but BNPL has established itself as a legitimate payment option. In my view, BNPL and AFRM have become a legitimate competitor to the likes of PayPal ( PYPL ) at the time of checkout because they offer merchants another lever from which to offer promotions and increase conversion. In the most recent quarter, AFRM showed unabated growth, with gross merchandise volume (‘GMV’) jumping 35% YoY to $11.6 billion, exceeding guidance of between $10.5 billion and $11 billion. FY26 Q3 Supplemental AFRM has seen its direct-to-consumer business continue to flourish, powered by its popular Affirm card. I view the DTC business as being a key factor in reducing the commoditized nature of the service. FY26 Q3 Supplemental Revenue jumped 33% YoY to $1.039 billion, exceeding guidance of between $970 million and $1 billion. This lagged GMV growth, but that is understandable given the increased proportion of 0% loans as well as the company’s apparent market-share-taking focus. FY26 Q3 Supplemental Revenue less transaction costs (‘RLTC’), which I view to be an appropria...
The number of tourist arrivals in Hong Kong grew 10 per cent year on year in April, bolstered by the city’s annual Sevens rugby tournament. The Tourism Board revealed on Friday that the city welcomed 4.21 million visitors in April, taking the total in the first four months to 18.52 million – a 15 per cent jump from the same period last year. Even though the majority of visitors in April were from ...
The number of tourist arrivals in Hong Kong grew 10 per cent year on year in April, bolstered by the city’s annual Sevens rugby tournament. The Tourism Board revealed on Friday that the city welcomed 4.21 million visitors in April, taking the total in the first four months to 18.52 million – a 15 per cent jump from the same period last year. Even though the majority of visitors in April were from mainland China, non-mainland tourists also saw notable growth, rising 8 per cent year on year to...
NEXON Co ( NEXOF ) Friday announced a ten-year renewal to the long-standing partnership with Tencent ( TCTZF ) ( TCEHY ) in publishing Nexon’s flagship PC action RPG Dungeon&Fighter in China . Terms of the agreement were not released. “Dungeon & Fighter players in China will be pleased to know that Nexon and Tencent have signed a long-term agreement to provide another decade of great experiences i...
NEXON Co ( NEXOF ) Friday announced a ten-year renewal to the long-standing partnership with Tencent ( TCTZF ) ( TCEHY ) in publishing Nexon’s flagship PC action RPG Dungeon&Fighter in China . Terms of the agreement were not released. “Dungeon & Fighter players in China will be pleased to know that Nexon and Tencent have signed a long-term agreement to provide another decade of great experiences in their favorite PC game,” said Junghun Lee , President and CEO of Nexon. “Our long-standing and mutually beneficial partnership with Tencent secures a future of fun and friendship for millions of players in China’s Dungeon & Fighter community.” More on NEXON, Tencent NEXON Co., Ltd. (NEXOY) Q1 2026 Earnings Call Transcript Tencent Holdings Limited (TCEHY) Q1 2026 Earnings Call Transcript Tencent Holdings Limited 2026 Q1 - Results - Earnings Call Presentation US clears Nvidia H200 sales to Alibaba, Tencent, ByteDance, and others, Reuters reports Tencent Non-GAAP EPS of RMB 7.36, revenue of RMB 196.46B
Monopar Therapeutics press release ( MNPR ): Q1 GAAP EPS of -$0.46 beats by $0.36 . Cash, cash equivalents and investments as of March 31, 2026, were $137.5 million. Monopar expects its current funds to support operations at least through December 31, 2027, including: (1) regulatory and potential commercial activities for ALXN1840; (2) continued development of MNPR-101 programs; and (3) internal r...
Monopar Therapeutics press release ( MNPR ): Q1 GAAP EPS of -$0.46 beats by $0.36 . Cash, cash equivalents and investments as of March 31, 2026, were $137.5 million. Monopar expects its current funds to support operations at least through December 31, 2027, including: (1) regulatory and potential commercial activities for ALXN1840; (2) continued development of MNPR-101 programs; and (3) internal research and development. More on Monopar Therapeutics Seeking Alpha’s Quant Rating on Monopar Therapeutics Historical earnings data for Monopar Therapeutics Financial information for Monopar Therapeutics
Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman. (Image credit: Digital Embed)
Tensions are escalating again near the Strait of Hormuz after a ship anchored off the United Arab Emirates was seized and taken toward Iran and another was attacked and sank near the coast of Oman. (Image credit: Digital Embed)
Frank Brennan/iStock Editorial via Getty Images I think many investors still view IBM ( IBM ) as a slow-growing legacy IT company, although the business changed quite a bit over the past decade. I see the recurring revenue, the importance of Red Hat and better cash generation to have improved the overall investment case quite a bit. The general AI boom has likely helped sentiment towards IBM. But ...
Frank Brennan/iStock Editorial via Getty Images I think many investors still view IBM ( IBM ) as a slow-growing legacy IT company, although the business changed quite a bit over the past decade. I see the recurring revenue, the importance of Red Hat and better cash generation to have improved the overall investment case quite a bit. The general AI boom has likely helped sentiment towards IBM. But I believe the more important story is the ongoing improvement in revenue and earnings quality. In my opinion, IBM does not need hyperscaler-level growth to create shareholder value; steady execution, moderate growth and resilient cash generation is likely already enough. The stock is no longer deeply undervalued after its strong re-rating, but I still view IBM as an attractive defensive technology company. At current levels, I view the risk/reward as attractive for long-term investors. Company Overview Historically, IBM was often viewed as a slow-growing legacy IT company with limited organic growth. I see this as a greatly outdated view. Unlike Microsoft ( MSFT ), Amazon ( AMZN ) or Google ( GOOG ), IBM is not trying to build hyperscale cloud infrastructure. The company focuses much more on enterprise IT, hybrid cloud and large corporate customers. 10Ks and own calculations Today, IBM looks quite different compared to the company many investors still remember from 10–15 years ago. The business is now much more focused on software and recurring revenue streams. Legacy hardware has become less important. IBM reports in three main segments : Software, Consulting and Infrastructure. There is also a small financing segment but this business is not very important. Software is IBM’s largest and most profitable business. Red Hat remains extremely important and was probably one of the most important acquisitions IBM made. The business helped IBM get exposure to hybrid cloud and large enterprise customers. Consulting is lower margin because it is labour intensive. But the segment is...