Aug. 5 at 4:54 AM
$FLYW Shorts will have to cover. 11.6% short interest and their thesis does not look smart. Revs and ebitda margins guided up once again, 3Q guide set very conservatively. The stock is trading at 8x '27 consensus ev/ebitda and those numbers are going up. Peer company
$PAY, a good company - but I exited my entire position today, put some into FLYW, will add the rest tomorrow. PAY has similar LT growth, margins are a bit different but same trajectory - up. Using EV/gross profit or EV/EBITDA (2027), PAY is more than 3x the valuation of Flywire. That is pretty dumb. Shorts will have to cover as they didn't do enough detailed work on this name. FLYW did 19% organic this qtr - that's elite, yet the stock is valued like it doesn't grow. Stupid.
