Similar story for me, although not as harsh as 30%. MNY alone is down over 50c a share since peak. I think you just have to put the negative sentiment to one side and ask, is the business growing adn is that likely to continue? I have a similar thought with my CCP holding which is down nicely off it's peak as well. These financial services companies are feeling the heat because it's politically appealing to be hitting the sector at the moment. Is MNY a debt consolidator, buy now pay later operator, high interest small business lender or a payday lender (SACC) going forward? No, and in the case of SACCs reducing to nothing soon.
MNY Price at posting:
$1.60 Sentiment: Buy Disclosure: Held