BFT + PAYSAFE STOCK PRICE PREDICTION UPDATE (urgent)
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When it comes to SPAC (blank-check company) stocks, it’s been the ones merging with electric-vehicle companies that have garnered the most attention. But don’t count out those pursuing targets in other industries, such as Foley Trasimene Acquisition II (NYSE:BFT) stock.
BFT stock
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This SPAC’s sponsor, Bill Foley, may not have the clout of the most well-known “SPAC Impresario,” Chamath Palihapitiya. But Foley is fast becoming one of the more prolific SPAC sponsors out there.
As InvestorPlace columnist David Moadel wrote in his Feb. 22 column, Trasimene Acquisition II is Foley’s fourth SPAC. The first one (CF Corp) bought Fidelity & Guaranty Life, before getting acquired by Fidelity National Financial (NYSE:FIS), a company with which Foley was already involved.
Another one, Foley Trasimene Acquisition II, has announced a merger partner: payments processor Paysafe. More important than Foley’s background is whether BFT stock can continue to climb once the Paysafe deal closes.
After examining the details, I think that the shares can rise in the years ahead. BFT stock is worth buying today, but keep the risks it carries in mind. The “SPAC bubble” may be about to pop, resulting in some near-term volatility in the shares.
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