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Charlie Niehaus Pitches Square, Inc. on Nov. 28

Charlie Niehaus Pitches Square, Inc. on Nov. 28

posted on December 7, 2017

On Tuesday, November 28th, one of the SMIF Technology sector analysts, Charlie Niehaus, pitched Square Inc., a payment processing solutions business. Charlie highlighted Square’s recent diversification of revenue sources with the addition of their Square Capital and Square Cash business segments in his stock pitch. He believes Square is a beneficial addition to the SMIF portfolio as a Fintech growth stock. From the time Charlie started covering Square to when he pitched it, the stock price had nearly doubled. Taking this possible over valuation into account and the recent volatility in the stock price due to earnings and cryptocurrency news, Charlie proposed to utilize a put onboarding strategy. He believed this was the best option in anticipation that in the short term, the price could slide even more. The motion passed 17:18.

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