Pagaya Technologies: The Writing Is On The Wall (Rating Downgrade) [Seeking Alpha]
Pagaya Technologies Ltd. (PGY)
Company Research
Source: Seeking Alpha
Follow Play 6min Summary Pagaya Technologies' financial restructuring aims to save $30 million in interest but involves taking on more debt, raising concerns about its financial health. The company remains free cash flow negative with no clear path to breakeven, despite its claims of working towards sustainable cash flow. Pagaya's heavy reliance on debt and financial engineering makes its stock too risky, even at a low valuation of 4x EBITDA. Investors should avoid PGY due to its debt-laden balance sheet and limited cash generation; better opportunities exist elsewhere. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » William_Potter Investment Thesis Pagaya Technologies ( NASDAQ: PGY ) announced that its restructuring its balance sheet , by taking on debt and selling some securities from its balance sheet, with the goal of saving $30 million in interest payments. Thes
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PGY
News
- Pagaya: Unwarranted Sell Off [Seeking Alpha]Seeking Alpha
- Pagaya Announces Pricing of Upsized $140 Million Exchangeable Senior Notes Offering at a 45% Exchange Premium [Yahoo! Finance]Yahoo! Finance
- Pagaya Announces Pricing of Upsized $140 Million Exchangeable Senior Notes Offering at a 45% Exchange PremiumBusiness Wire
- US Growth Companies With High Insider Ownership [Yahoo! Finance]Yahoo! Finance
- Pagaya Announces Proposed Exchangeable Senior Notes OfferingBusiness Wire
PGY
Earnings
- 8/9/24 - Beat
PGY
Sec Filings
- 9/25/24 - Form 8-K
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- PGY's page on the SEC website