Affirm Holdings Inc (NASDAQ:AFRM) stock has been ripping higher, returning investors about 30% over the past year. Analysts have price targets suggesting at least 30-40% upside, and retail optimism is building — but Kerrisdale Capital says the entire rally is built on a familiar and dangerous illusion.Track AFRM stock here.In a sharply worded short report, Kerrisdale branded Affirm a "Buy Now, Cry Later" story, arguing the BNPL leader is following the same subprime credit playbook that has burned lenders fo ...