There's little use in blaming Rod. The valuation is based on the stock price, and the stock price is based on whoever is willing to buy. There's traders on this very board that freely admit Xero could be selling toothpaste for all they care - they are in it for the ride and will buy in at whatever the price, no matter the rationale, if the trading signals are there. If there wasn't such a mathematical, chart-driven science to investing, I don't think we'd be seeing such wild and dramatic swings in the stock price of this company. But there you go.Quote:
They just keep burning cash & until I see that stop & Drury reigns in his ego this will either bigger than Fonterra or bust & to be hones it could be either.
Tech based companies have a habit of being superseded.
I couldn't believe it when there entire sales for the year was only $120M! That's sales not including cost of sales!
Tell me that figure is wrong ! ?
They are now valued at $3Bln!