No, no sarcasm....just trying to learn.
I appreciate your honesty and agree with your sentiments - especially about it being an incredible risk. Nothing adds up for me here - hence why I asked.
Thanks again Toasty and best wishes.
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Hi Johhny. Thanks for the info. Agree that at current prices I see DIL, which is more proven, as the cheaper of the two. Saying that, I will choose to be devils advocate of most people on this thread and say that Xero is potentially cheap at these prices IF Rob and his team continue to deliver on their (somewhat conservative)aim of having 1million customers. You can look purely at fundamentals but have to also view them trending-wise and also see the global story that is building. Sure it has big risk, as the incumbents will want to move solidly into this space, but from what I see his conservative aim has allowed for that somewhat. Just my two cents. I am not trying to sound like a bull on this stock but Xero's story so far has given me no reason to doubt the goal they will meet. Add to that a NASDAQ listing (it will come), global exposure, market cap in NZ$'s and appearing kinda cheap compared to other IT listings, and maybe, just maybe, this train is only just starting. If it's too risky for the average investor, simple .. stay away. Totally understand why people could think that. 8-)
Just putting it out there but my concern with a NASDAQ listing is it will value this at 20x annualised revenue - which is much higher than traditional stocks are valued at. XRO is well above this which is why I got out (some what depressingly in the high $7s)
There was one gentleman, a Rockefeller I think, when asked why he was so rich, replied "I sold too early".
seriously what the hell. Its like xero is in a parallel universe
So do you think the NZ Taxi Federation is buying in on the advice of some of its members?