Dave Inc (DAVE)

[tmorr55]

My son was one of those high IQ eggheads that used to work for DAVE. He left because he was unhappy working there. He was given stock options upon leaving because he stuck it out and worked the requisite amount of time to receive them. He has about 30000 shrs but they had to hold onto them for 6 mos following their IPO. You can imagine how disheartened he feels watching the stock go from $10 to $15 to now less than a buck! At any rate, I've tried encouraging him to just take it easy and hold onto the stock for 5-10 years. Certainly, it will rise from the current valuation...question is, how much. According to Motley Fool, DAVE isn't expected to be profitable until 2024 and the service they are hanging their hat on, which is the $75 loan to avoid over draught fees, is no great shakes anymore because banks are backing away from charging them anymore. So, the question remains, what is it that DAVE has to offer that will make it a value company. I don't think the market looked to favorably on DAVE spending 450M on the SPAC crypto acquisition.