Originally Posted by
Baa_Baa
That nicely defines the challenge and the balls out 'on the never never' psych of XRO. Firstly they have to nail the USA market with the 'legacy improved for the USA' platform, this is an imperative for growth and shareholder confidence. They seem to have recurring issues with doing that, it could take years still or maybe never. Secondly they have to redefine their offering into the "financial web" (as they put it) to secure a future beyond "beautiful accounting". The net impact of this is massive investment and prolonged uncertainy for shareholders, though one cannot fathom the time horizons of the deep pockets, nor the motivation or potential to move move to traditional shareholder values like NTA or profit. As one slalwart proclaimed, they could fire half the software developers and cut the sales force to go to profit overnight. But that won't happen, one needs to factor in the sheer magnitude of aspiration for global domination. It is an intriguing story and still unfolds but in any event it does not and will not fit any traditional investor norms. And may never do. I sincerely hope the legacy of Xero, and Rod with it, is not defined by having never earned a cent. In the meantime the SP imo is still all hype and hope.