{"id":91959,"date":"2024-09-05T02:04:40","date_gmt":"2024-09-05T06:04:40","guid":{"rendered":"https:\/\/ifintechworld.com\/?p=91959"},"modified":"2024-09-05T02:04:43","modified_gmt":"2024-09-05T06:04:43","slug":"fiscalnote-stock-is-a-value-trap-not-hidden-value-nysenote","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=91959","title":{"rendered":"FiscalNote: Stock Is A Value Trap, Not &#8216;Hidden Value&#8217; (NYSE:NOTE)"},"content":{"rendered":"<div data-test-id=\"content-container\">\n<p><figure class=\"getty-figure\" data-type=\"getty-image\"><picture><\/picture><figcaption>\n<p class=\"item-caption\">FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that&#8217;s not the main appeal with this stock.<\/p>\n<\/figcaption><\/figure>\n<\/p>\n<p>On a stock screener, <strong>FiscalNote Holdings<\/strong> (<span class=\"ticker-hover-wrapper\">NYSE:NOTE<\/span>) shares do<span class=\"paywall-full-content invisible\"> not appear cheap. However, take a closer look, and you may start to believe that there is &#8220;hidden value&#8221; with NOTE stock. This Washington, D.C.-based technology company, which operates several subscription-based policy management platforms, has yet to reach consistent profitability.<\/span><\/p>\n<p class=\"paywall-full-content invisible\">But given how much one of FiscalNote&#8217;s non-core businesses fetched in a divestiture earlier this year, it&#8217;s possible that, to the right strategic buyer, what remains of this company could be worth far more than the current NOTE stock price.<\/p>\n<p class=\"paywall-full-content invisible\">Then again, maybe not. Taking several factors into account, the market&#8217;s current valuation again makes sense. Although there may be an eventual path to higher prices, buying<span class=\"paywall-full-content no-summary-bullets invisible\"> now on that possibility may not necessarily be a worthwhile move.<\/span><\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">With this in mind, let&#8217;s take a closer look, and see why NOTE may appear to be &#8220;hidden value,&#8221; yet for now, remains a value trap stock to avoid.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">FiscalNote Holdings: Overview And Recent Moves Into AI<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Through its eponymous platform, as well as other platforms owned by the company, FiscalNote provides intelligence and insight on legislative and regulatory developments. End-users for these products include corporations, non-profits, and governments.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Alongside FiscalNote, other SaaS-based platforms owned by the company include the following:<\/p>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>Curate: Curate is a policy management platform focused on local government legislation.<\/li>\n<li>Dragonfly: Dragonfly provides geopolitical and security intelligence and insights.<\/li>\n<li>Oxford Analytica: Another geopolitical intelligence platform owned by FiscalNote.<\/li>\n<li>TimeBase: TimeBase is a platform that provides intelligence on Australian legislation.<\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Alongside these platforms, FiscalNote also owns two venerable publications that focus on reporting\/analyzing the latest developments from the U.S. Congress:<\/p>\n<ul class=\"paywall-full-content invisible no-summary-bullets\">\n<li>Congressional Quarterly (CQ)<\/li>\n<li>Roll Call<\/li>\n<\/ul>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Although classified as a publication, CQ operates largely like FiscalNote&#8217;s main platform, as a SaaS-based provider of legislative intelligence.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">More recently, FiscalNote has been attempting to capitalize on the generative artificial intelligence growth trend, with the launch of several &#8220;Copilot&#8221; AI assistant platforms, including FiscalNote CoPilot and FiscalNote StressLens.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">However, while &#8220;AI mania&#8221; briefly hit the stock in 2023, it hasn&#8217;t been enough to turn the tide for this poor performer, which has fallen considerably since its public market debut.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">NOTE Stock Has Tanked Since Going Public<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Privately held for the first nine years of its existence, Fiscal Note went public via a merger with <strong>Duddell Street Acquisition Corp.<\/strong>, a SPAC, in 2022. However, much like other SPAC deals at that time, those who bought in at the onset, and have held on since, have experienced massive losses.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Since the 2022 merger, NOTE stock has fallen from its original $10 per share SPAC price, to around $1.30 per share today. Late last year, NOTE briefly fell to prices as low as 65 cents per share. So far this year, though, shares have made a moderate move higher. Chalk this up to the asset sale hinted at earlier.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">\n<figure class=\"sa-widget sa-ycharts paywall-full-content invisible\"><img decoding=\"async\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2024\/09\/saupload_acc0d7397f4e2de70d77b4fb1f6f33c2.png\" alt=\"Chart\" width=\"635\" height=\"366\" class=\"sa-ycharts-img\" data-width=\"635\" data-height=\"366\" loading=\"lazy\"><figcaption>Data by YCharts<\/figcaption><\/figure>\n<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Back in March, FiscalNote sold its Board.org unit to Executive Platforms, a private equity-backed event management company, for $95 million in cash, plus $8 million in potential post-closing earn out compensation.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">This deal, which both bolstered NOTE&#8217;s balance sheet, as well as helped to highlight the stock&#8217;s &#8220;hidden value,&#8221; sent shares back to prices above $2 per share. Since then, NOTE has pulled back, and it&#8217;s easy to see why.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">NOTE Stock Valuation<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">If Board.org, which made up a small percentage of FiscalNote&#8217;s overall business, sold for $95 million, sure what remains of the company is worth a far lot more than the current NOTE stock price, right?<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Back-of-the-envelope, it appears that way. As <em>Seeking Alpha<\/em> contributor Faizan Muhammad discussed in his February write-up on this stock, FiscalNote trades at a bargain valuation, when valued using the enterprise value-to-sales (EV\/sales) metric. Flash forward seven months later, this is still the case.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">With an enterprise value of $317.9 million, against trailing-twelve month (TTM) annual revenue of $129.6 million, NOTE stock currently trades at an enterprise value to sales (EV\/Sales) ratio of 2.45. As Muhammad mentioned in his aforementioned FiscalNote article, similar SaaS-based information providers trade at much higher multiples, with an EV\/Sales ratio of 5 being a conservative valuation for this business.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Using this metric, FiscalNote&#8217;s underlying enterprise value should be around $648 million. Subtracting $145.8 million in outstanding debt, along with $24.8 million in capital leases, and adding back $37.7 million in cash and short-term investment, this provides an estimated value of around $515.7 million for the company, or around $3.70 per share based on the current share count.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Nevertheless, while it may appear that there&#8217;s a material amount of underlying value waiting to be unlocked with NOTE, don&#8217;t assume it will happen anytime soon.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">3 Reasons Why A Juicy Takeover Offer Isn&#8217;t Likely To Emerge<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Based on the aforementioned calculation, it may seem like a financial or strategic buyer could come in, make an offer to buy all outstanding shares of NOTE stock at a 100% premium, and still get a promising business at a dirt cheap price.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">However, there are three key reasons why FiscalNote isn&#8217;t likely to be a takeover target anytime soon. First, while cheap on an EV\/Sales basis, remember this company has yet to reach consistent profitability. Despite a big pivot towards AI, overall growth has stalled. Excluding the impact of the Board.org sale, Q2 2024 revenue growth was basically flat when compared to the prior year&#8217;s quarter.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Although FiscalNote did improve its adjusted growth margins last quarter by 500 basis points, further cost-saving and other efficiency measures may only go so far. To really move the needle in terms of profitability, organic growth will need to once again re-accelerate.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Second, when taking into account FiscalNote&#8217;s share count on a fully diluted basis, upside for a potential buyer is much smaller than in our initial calculation. Per the company&#8217;s latest earnings presentation, current share count may be at 139.2 million.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">However, add in outstanding seller earn out, employee RSUs and options, as well as outstanding convertible instruments, and at prices just slightly above present price levels, NOTE&#8217;s share count balloons to 157.4 million. This reduces our underlying value calculation from $3.70 to around $3.28 per share, or by 11.35%.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Third, and most importantly, FiscalNote is a controlled company. Insiders like CEO Timothy Hwang, Gerald Yao, along with Manoj Jain from SPAC sponsor Maso Capital, control 47.59% of the company&#8217;s outstanding common stock. Due to their ownership of Class B supervoting shares, they also control 77.47% of the voting power.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">With this, it&#8217;s debatable whether another strategic buyer active in the legislation and regulatory intelligence business could make a successful bid for the company. Nor could an activist investor come in and push for a sale. As Muhammad also mentioned in his NOTE stock article, Timothy Hwang last year explored the possibility of taking FiscalNote private, but so far, this has not led to a management buyout offer.<\/p>\n<h2 class=\"paywall-full-content invisible no-summary-bullets\">Bottom Line: Hold Off On NOTE Stock, As It&#8217;s Likely To Languish For Now<\/h2>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Given how far NOTE has fallen from its original SPAC price, it&#8217;s doubtful that outside shareholders will be up for a go-private offer from Hwang and other insiders. Likewise, it&#8217;s not as if FiscalNote insiders are going to be open for a competing firm to snap up the company at what in hindsight could prove to be a bargain-basement price.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">With this, expect FiscalNote to continue &#8220;going it alone,&#8221; staying public as it keeps on pushing to capitalize on GenAI to fuel another growth wave. Yet despite Hwang&#8217;s view that the company could eventually scale into an enterprise 5-15 times its current size, such scaling up will undoubtedly require far more capital than the company currently possesses.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Hence, don&#8217;t rule out the potential for shareholder dilution down the road. Yes, when FiscalNote&#8217;s next quarterly earnings release, scheduled for early November, could show that an AI-fueled growth resurgence is starting to take shape.<\/p>\n<p class=\"paywall-full-content invisible no-summary-bullets\">Even so, until such results emerge, consider it best to stay on the sidelines. In the meantime, NOTE stock is likely to languish, as excitement about possible &#8220;hidden value&#8221; keeps fading, leaving shares at risk of falling back toward their 52-week low.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/seekingalpha.com\/article\/4719145-fiscalnote-stock-value-trap-not-hidden-value?source=feed_all_articles\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that&#8217;s not the main appeal with this stock. On a stock screener, FiscalNote Holdings (NYSE:NOTE) shares do not appear cheap. However, take a closer look, and you may start to believe that there is &#8220;hidden value&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":91960,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-91959","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FiscalNote: Stock Is A Value Trap, Not &#039;Hidden Value&#039; (NYSE:NOTE) | iFintechWorld<\/title>\n<meta name=\"description\" content=\"FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that&#039;s not the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=91959\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FiscalNote: Stock Is A Value Trap, Not &#039;Hidden Value&#039; (NYSE:NOTE) | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that&#039;s not the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=91959\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-05T06:04:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-05T06:04:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2024\/09\/1725516281_image_1846097131.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1536\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=91959#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=91959\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"FiscalNote: Stock Is A Value Trap, Not &#8216;Hidden Value&#8217; (NYSE:NOTE)\",\"datePublished\":\"2024-09-05T06:04:40+00:00\",\"dateModified\":\"2024-09-05T06:04:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=91959\"},\"wordCount\":1396,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=91959#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=91959\",\"url\":\"https:\/\/ifintechworld.com\/?p=91959\",\"name\":\"FiscalNote: Stock Is A Value Trap, Not 'Hidden Value' (NYSE:NOTE) | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2024-09-05T06:04:40+00:00\",\"dateModified\":\"2024-09-05T06:04:43+00:00\",\"description\":\"FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that's not the\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=91959#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=91959\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=91959#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FiscalNote: Stock Is A Value Trap, Not &#8216;Hidden Value&#8217; (NYSE:NOTE)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FiscalNote: Stock Is A Value Trap, Not 'Hidden Value' (NYSE:NOTE) | iFintechWorld","description":"FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that's not the","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=91959","og_locale":"en_US","og_type":"article","og_title":"FiscalNote: Stock Is A Value Trap, Not 'Hidden Value' (NYSE:NOTE) | iFintechWorld","og_description":"FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that's not the","og_url":"https:\/\/ifintechworld.com\/?p=91959","og_site_name":"iFintechWorld","article_published_time":"2024-09-05T06:04:40+00:00","article_modified_time":"2024-09-05T06:04:43+00:00","og_image":[{"width":1536,"height":1024,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2024\/09\/1725516281_image_1846097131.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=91959#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=91959"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"FiscalNote: Stock Is A Value Trap, Not &#8216;Hidden Value&#8217; (NYSE:NOTE)","datePublished":"2024-09-05T06:04:40+00:00","dateModified":"2024-09-05T06:04:43+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=91959"},"wordCount":1396,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=91959#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=91959","url":"https:\/\/ifintechworld.com\/?p=91959","name":"FiscalNote: Stock Is A Value Trap, Not 'Hidden Value' (NYSE:NOTE) | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2024-09-05T06:04:40+00:00","dateModified":"2024-09-05T06:04:43+00:00","description":"FiscalNote Holdings (NOTE), a SaaS-based provider of legislative and regulatory intelligence, has capitalized on the AI growth trend, but that's not the","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=91959#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=91959"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=91959#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"FiscalNote: Stock Is A Value Trap, Not &#8216;Hidden Value&#8217; (NYSE:NOTE)"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/91959","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=91959"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/91959\/revisions"}],"predecessor-version":[{"id":91961,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/91959\/revisions\/91961"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/91960"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}