They reported earnings last week, and there were no surprises. But share price dropped about 20%. I’m curious as to why. Option traders still seem to like it. I just rolled my covered calls February $15 to April $15 for 38 cents. I did hear part of a new story on National Public Radio (NPR) about a big spike in the use of remittance companies in 2024 to move money out of the US. I’ll track down a recording of that story, and see if there is an investigation going on. A few years ago, I worked a year at Walmart, and I did notice that some of those using remittance companies at the Walmart help desk gave an appearance that some of their transactions may have been of a quesionable nature.
I did take a position in Moneygram (MG) at the very beginning of Covid, and did very well with it, writing covered calls, until someone finally took Moneygram private. That is what got me interested in RELY.
I do not understand the “tag” thing I needed in order to post this. I ended up clicking on paypal.