Your kidding right, take a look at the PE of XRO and it's only just profitable compared to ATM which is a cash cow. PS-XRO is a great story but your statement is nonsense.
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XRO. Could be major cash +ve if they stopped their agressive expansion campaign . It is where it is, due to the fact that is expanding instead of just keeping rhe cash . Looks bad on the balance sheet, but great for future domination . And to think i had loads at $ 5 and sold to pay for my daughters wedding ! JMO
Citi just find any reasons to shake and collect , making it sound legit :)))
Back to 2016 when they rate A2 Milk , what happened after that in 2017 and 2018?
and today 2019 rating A2 Milk ( almost same time )
Who can forget this time Citi (and the same analyst) had a sell rating on A2M in 2016
https://www.news.com.au/finance/bus...s/news-story/0b86c078e072aecd2958b4e6c0c91b61