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PagSeguro Digital Ltd. (PAGS): A Bear Case Theory

We came across a bearish thesis on PagSeguro Digital Ltd. (PAGS) on Quipus Capital’s Substack. In this article, we will summarize the bears’ thesis on PAGS. PagSeguro Digital Ltd. (PAGS)'s share was trading at $8.78 as of 6th June. PAGS’s trailing and forward P/E were 7.23 and 6.56 respectively according to Yahoo Finance.

[caption id="attachment_955276" align="aligncenter" width="750"] Photo by Clay Banks on Unsplash[/caption]

PagSeguro Digital Ltd. (PAGS) operates as a Brazilian payment processor with a core business model built around receivables discounting rather than...