Block: Buy The Federal Probe Fears, Long Term Story Intact
SQBLOCK(SQ) Seeking Alpha·2024-05-15 05:04

Phillip Faraone/Getty Images Entertainment Block (NYSE:SQ) remains a compelling investment even if it appears to be mired in controversial waters. Heading into its latest earnings report, the stock dipped amidst reports of a federal probe into its cryptocurrency transactions. Management dismissed these reports on their call, but spent a considerable amount of time discussing their cryptocurrency ambitions in the shareholder letter. That may be an issue given that I suspect many investors are not invested in ...