Starting a Position in ADYEY

 ADYEY is a high-quality growth-fintech company that's reasonably valued. When the stock sold off in August, the price was cut in half. ADYEY used to trade for 40x sales and later 25x sales. Today, the stock is valued at 9.81x sales.

As you can see, the day chart is extremely bullish. However, that does not mean a sustained rally is coming. ADYEY could drop even more, especially if inflation ticks back up and/or bond yields continue to rise.

Whether the stock drops over the short-term is not so important to me. I am adding ADYEY to the portfolio because I believe it is a good long-term investment.

Buying 50 shares at $7.85 = $395.50

Have a great weekend!


This website is created and authored by Marlin Sandlin and is published and provided for informational and entertainment purposes only and merely cites my own personal opinions.  I am not a financial advisor, and this website is not intended to constitute investment advice or provide specific advice or recommendations for any individual or on any specific security or investment product.  Any action you take upon the information you find on this website is strictly at your own risk.  This website may share links to articles and information which is interesting to me, but it is in no way an endorsement by me or by anyone associated with me.  The views reflected in the commentary are subject to change at any time without notice.   I may or may not hold investments in the companies or securities discussed on this website.

Marlin Sandlin owns shares of Adyen N.V. (ADYEY).

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