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Podcast: Money Life with Chuck Jaffe
Episode: New Constructs' Trainer: Stock that doubled this year isn't out of the Danger Zone
Description: David Trainer, founder and president at New Constructs, says that Affirm Holding's gains this year -- the stock has more than doubled year-to-date -- have fooled investors into thinking there might be value in the purveyor of buy now, pay later programs, so he put the company back in "The Danger Zone" for the third time in three years. Trainer noted that the stock -- despite this year's gains -- is down more than 80 percent from when he first said it was headed for trouble in 2021, and he says the firm remains a "zombie stock," likely to run out of...