Hi Daytr, where did you go short because I am looking to do the same thing and the provider I used last time does not allow me to short XRO anymore.
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While these points are useful in debating the issue of over promising--they are also very relevant as to how you value this company.
Rod is telling you that the US market could be harder to crack than expected(so prudent investors should price the co. accordingly.)
I trade CFDs
For the sake of open disclosure I'm out at $25. One could argue this news has effectively brought about a 55%+ rise in the SP which IMHO is a bit much. I purchased my latest block of shares at $17.70 held on for a bit of a loss for a few months but am happy now to bank the profits.
I may well be back in again soon, I believe in this company but don't have as long a time frame as others and feel I must be realistic as well!
Good luck to those who continue to hold.
Couta I hope you are getting some good advice.
In 2012 from a company presentation.
The target for 1 million customers globally.
The US percentage of that was 53.5% or 535k customers.
As of the last report they have 22k customers in the US.
Two years later & only 22 thousand customers in the US.
They haven't even achieved 5% of what they forecast!
Grossly over promised & under delivered on the US sales as I have been saying.
Australian & NZ sales are on or actually over forecast, however its always been the US that has driven the huge valuations of XRO.
So don't get frustrated or annoyed when people make claims, that are quite legitimate, do your research.
It took me five minutes to find the information, but I shouldn't have to do that just to disprove challenges to what were clearly facts.
Cheers Daytr