Originally Posted by
Nandi
Hey Roadrunner I think you are crazy!
In my very humble opinion, the chances of Xero trading out of this by way of improving revenues and profitability is next to slim. All you have to look at is what has been done in the past, the UK was going to be the market, the co-founder went over and spent a year and bit there and what do they have to show for it? The accountant channel has about given all it can give in NZ, the momentum is going in the wrong direction. For all its faults, Diligent executed much better - a tight focus on the Fortune 500 companies to get momentum is a great plan and they have stuck to it and made it work.
Xero is a speculative play and that's cool. As the quote from Buffet a few posts ago said "Now, speculation in which the focus is not on what an asset will produce but rather on what the next fellow will pay for it is neither illegal, immoral nor un-American."
Btw what do you think of SPY?