Sounds a lot like VML, eh Baa?
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Sounds a lot like VML, eh Baa?
EPS -$0.542 NTA $2.061
At the current rate XRO will be insolvent in less than 4 years. Unless there is a plan for making substantial profits within that time then this is no more than junk stock.
The days are long, the decades are short.
Right, but Jantar said they are solvent now and on their way to being insolvent in four years time unless they improve profitability or find more people to believe the story (raise capital). The story is that the way to shareholder riches is to buy your customers.
Good luck with that, and taking on the larger profitable US incumbent. Presumably they could choose to take a loss for a year or two and obliterate Xero from their market if they considered them a credible threat.
Jantar, you're not giving the bears a good name by speculating Xero will be insolvent.