Block, Inc. (XYZ): A Bull Case Theory 

We came across a bullish thesis on Block, Inc. on Bob’s Payment Stock Substack by Bob Hammel. In this article, we will summarize the bulls’ thesis on XYZ. Block, Inc. 's share was trading at $75.82 as of September 8th. XYZ’s trailing and forward P/E were 16.20 and 20.33 respectively according to Yahoo Finance.

Despite a disappointing Q1 that saw Block reduce full-year guidance, shares rallied nearly 75% from post-earnings lows, fueled by positive Cash App inflows, well-received Square and Cash App product launches, improving Bitcoin sentiment, and the announcement of Block’s...