Recent comments in /f/wallstreetbets

persian_mamba t1_j9ubiya wrote

The issue is that a lot of these loans can’t cover debt service since their rates are variable and have gone up from maybe 4% a year to 8% a year. So if they were covering at a 1.2 debt service ratio it’s now a 0.6 with no optimism in sight. This lets the lenders rebalance you for a whole year of debt service, and a lot of guarantors don’t want to do that.

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Jerund t1_j9u83dc wrote

I think same revenue for 2021 to 2022 is big. In 2021, btc was trading at the peak of 60k a coin. Lots of revenues from that. Now btc in 2022 dropped to as low as 18k at one point and less people trading it. Yet their revenue was consistent. Their core business is growing and factor in after pay acquisition. I see long term potential

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