nuvei
The New York short-seller’s taken a second shot at the Montreal fintech. Should Nuvei shareholders be concerned about the situation? Maybe. If you’re unfamiliar with Montreal-based Nuvei, it recently announced that Canadian actor Ryan Reynolds invested in the company while providing his creative abilities to broaden the payments business’s exposure outside Canada. Perhaps not coincidentally, Spruce Point’s update came one day after the Reynolds announcement. “We will layout why we believe Nuvei is under extreme business and financial pressures. Its announcement that accomplished actor Ryan Rey...
ValueWalk
It wasn’t all good news this week for star-struck NVEI stock investors as a short seller questioned the recent Paya deal Nuvei Corporation (NASDAQ:NVEI, TSE:NVEI) announced on April 17 that Canadian actor Ryan Reynolds had invested in the payments company. More importantly, Reynolds will get involved in the creative side of the business. That’s excellent news for NVEI stock holders. “I know about as much about fintech as I did about gin or mobile a few years ago. But Nuvei is impressive. The leadership team is exceedingly intelligent and hard-working and it’s about time a Canadian company got ...
ValueWalk
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