Ticker: SFT
Description of why you are requesting DD:
I wanted to get some more opinions here I saw some reddit posts and linked one. It seems like this company is falling into a pretty undervalued area considering their cash on hand for September filing:248m, though from further reading it seems most of their cash is from debt. It’s also worth noting they are in the same space as caravana which is currently down 50%+ from its high so maybe there is something wrong the the used car sector as a whole? Would carvana be a better buy?
Applicable links to news articles or Reddit analysis:
https://www.reddit.com/r/stocks/comments/s8b7x4/i_think_shift_technologies_ticker_sft_is_an/?utm_source=share&utm_medium=ios_app&utm_name=iossmf