We are back with a packed show this week. Ryan will start by discussing a few great points made by legendary investor Howard Marks in his annual memos.
In our Your Stock, Our Take Segment, we answer two listener questions. Aaron will answer the first on Mitek Systems Inc. (MITK: NASDAQ) which has its core business centered around mobile check deposit software and is shifting to the digital identity and fraud prevention arena’s. The growth and valuations look attractive – enough so that we included it in our recently released US technology report – Aaron answers if it is a buy at present.
Brennan will then look into Block Inc. (SQ:NYSE) a global technology company with a focus on financial services – its well-known business’ include Square, Cash App, Spiral, TIDAL, and TBD. The stock is down 61% in 2022 and 76% since its highs last year. Is this high growth business finally a fundamental buy – we let you know.
Finally, Brett will update us on a stock we called a cautionary tale in our last podcast, Voyager Digital Ltd. (VOYG:TSX) - cryptocurrency platform that offers a secure way to trade over 100 different crypto assets using its easy-to-use mobile application. From its 2021 highs over $32, the stock has dropped 99% to close this week in the $0.30 range. Brett called it gambling in our last episode, a few short days later, the company filed for bankruptcy.