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IML warns buy now, pay later looks like tech bubble

Investors Mutual is shunning the buy now, pay later sector in the small and mid-cap space, saying stretched valuations and lack of profits in that part of the market are reminiscent of the tech bubble of the early 2000s.

Despite some hefty share price losses through February and March, the buy now, pay later sector remains one of the best performing in the market.

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William McInnes covers markets from Sydney including editing the Markets Live blog. Connect with William on Twitter. Email William at w.mcinnes@afr.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/iml-warns-buy-now-pay-later-looks-like-tech-bubble-20200701-p557uy