Should I buy BFT SPAC stock prior to the Paysafe merger?

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""SPAC Stock"" – Google News

BFT and other fintech companies have come under pressure. The outlook for the BFT share is positive despite the recent sell-off. The drop in BFT is among the lowest we’ve seen in Fintech SPAC. However, it is in line with publicly traded fintech companies. For example, PayPal lost 22 percent from its peaks while Square is down 20 percent.

The decline in BFT shares makes valuations attractive. Paysafe has an asset-light model that can help achieve higher margins. An EBITDA margin of 33 percent is expected for 2021, which looks healthy and is higher than what PayPal expects. BFT stock looks like a good buy at current prices. It’s a bet on Foley’s fintech history and expertise.

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