Weeeeeeeeee
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Weeeeeeeeee
Global equity markets obviously aren't helping and US equity futures are getting smashed again. Chinese market was down 10% again today at one stage, now down 7.5%! We are having a bit of a meltdown so a dangerous time to be long a volatile stock like this.
I stopped myself out over 15% ago and obviously glad I did.
So I don't think entry point has much to do with XRO right now, but global markets.
This is feeling a little like 2008ish to me, but I obviously hope not and its just a sharp correction.
Other than Rod talking his game up there is no support...no earnings, no near term prospect of earnings, no dividends and with the markets taking a huge reality check it gets harder to float promises and stories especially after nearly a decade of ever increasing losses. But wait there's more !!...Holders can look forward to the next "earnings" announcement which is apparently coming in October where no doubt Rod will proudly announce that sales and losses have doubled yet again after doubling last year, so losses will be circa four times what they used to be...surely all the proof that the business model works that any realistic investor needs :lol:
I agree with that, and doing it misleadingly. Stuff article today, http://www.stuff.co.nz/business/7139...-dive-below-15
""We are still outgrowing Intuit outside the US and Canada...." Teeling [Xero global strategy head] said."
By my maths Xero's ex-US growth was ~60% over last year, Intuit's ex-US growth was ~135%, but Xero beat them on actual numbers (308k->~490k v 84k->198k). Those numbers may be US only, but I doubt that the Canadian numbers would change them much.
Or was he talking revenue? Whatever the metric, it was misleading/sloppy. Save the BS for the sales presentations!
Intuit laying off staff... 399 is a reasonable chunk of 8200. Probably part of the strategy to focus on the online market. I'm thinking if you own Xero, you should probably own Intuit, thats pretty much the market!
http://techcrunch.com/2015/08/25/mor...s-realignment/
cheers
Greg
my chart says back to $5 from here. i know, i know.. i jobbed this stock numerous times on the way up and got caught wrongly in the last rally to $25. i still think it's a great idea / business / product. but it could go all the way to $5 - be shunned by everyone and their dog and then head back up again.. just sayin'...