Morningstar values EBO at $ 30 ....:D
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Tale of two high flying businesses
Company A had huge sales growth and sales peaked in June 2020. Sales decline appears to have bottomed out after 3 quarters but 30% less than their peak
Company B also had huge sales growth and sales peaked in September 2020. Sales are forecast to bottom out after 4 quarters (September 2022) and also about 30% less than their peak
Both companies mention margin pressures
Company A's share is down about 70% from its peak while Company B's share price is currently down 45% from its peak
Company B still has to report further decline in sales - maybe its share price might fall further .... maybe to 70% less than its peak
Maybe not because its margin problem doesn't seem to be as bad as Company A experienced
The old ATM vs FPH comparison again? lol
Well, yes ... but isn't your Company A a one trick pony which did neither understand nor manage the sales channel to supply their biggest customer with product? The result was sort of predictable.
How can you compare this bunch of inepts with the fine management team at FPH?
So over the last year or so a 'bunch of inepts' as well a 'fine management team' have been in charge of a 30% decline in sales .......... and seen their share prices tumble with zillions of share holder wealth gone
In spite of rout on Wall St Friday night could be an UP day for FPH today
Resmed went up in US .... didn't join in the rout
ASX closed today so no leads from them
Just the meek NZ investors left .... probably they'll buy.
ResMed make a $1.45 billion acquisition
Interesting how much SaaS stuff they do - Maybe Resmed valued as a SaaS company ..... like why they have a high PE
https://www.businessnewsaustralia.co...ebd3bf4ce1f3a6