I don't have one so I say it's one of those watches that will get superseded by another version soon :t_down: Ah the 1% of the 1 percenters.
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I think the distinction here is between generating a profit and generating value. XRO is generating long-term value, not short-term profits. I think that is an efficient use of cash for the timebeing. I don't think we need hard and fast rules about the transition to profit as long as value is being generated. Ultimately the goal is to generate both at the same time (Apple!). It's up to the Board to decide when and how this transition should occur. If I were on the board, looking at their growth rates, I'd say "keep generating value". To tell them to look only at making a profit now would be a bad move, in my mind.
The baby is working -
@roddrury: Just said 'excuse me my Watch is ringing' in a presentation @VicsterNZ
XRO is only creating value if it starts turning substantial profits.
I'm sorry I can't buy into any company that has no plan or time frame to turn a profit.
This is not Facebook, its a software provider that charges end users.
And that's not to say that it won't happen however I'm not going to jus sit & watch a guy spend up large with no time frames around making money especially when they have now been a round a while.
What a salesman this guy is. No accountability! Just trust me to keep lose money until one day we perhaps aren't.
Now there's a plan!
Now here's a curious thing. Aussie competitor Reckon RKN jumped 5.6% today in an otherwise soggy market. Anything to do with the imminent listing of that other competitor, MYOB, or with XRO, I wonder?
Reckon goes on roadshow in a few days. See: http://go.reckon.com/roadshow2015/
Bloomberg article and video on the potential takeover of Salesforce.com
Relevant since most people do hold comparison with Xero and its growth path, albeit S/Force is further down the road.
But note the current $49 billion m/cap since this possibility made news.
http://www.bloomberg.com/news/articl...over-inquiries
Methinks Xero just told he ASX to take a running leap (ie get f####d or something)
https://www.nzx.com/files/attachments/212140.pdf