After Paysafe’s (NASDAQ:PSFE) fourth-quarter (Q4) results showed that its profitability is improving, while three of its key businesses are rebounding significantly, I remain upbeat on the long-term outlook of PSFE stock.
On the other hand, I believe that there are two reasons to be cautious on the shares going forward. Specifically, the resignation of the company’s chairman, Bill Foley — a very well-known, successful investor — could signal that he has become less optimistic about Paysafe. And secondly, the company is increasing its exposure to cryptocurrency, whose value looks poised to tumble relatively soon.
Given the latter two points, I would advise certain investors to add a relatively small amount of the shares in the near-term.
Read more about Paysafe stock here.
The post What Investors Should Know About Paysafe Stock appeared first on InvestorPlace.