You see what you want to see , it's a bottomless pit.
They have had every assistance under the sun
Pandemic fuelled rise in internet shopping reducing marketing costs.
Pandemic fuelled shopping sprees during lockdown due to boredom.
Low interest rates
Government stimulus everywhere
Greenfield expansion due to lack of competition.
Travel restrictions diverting household travel budgets to other discretionary spending.
No inflationary pressure on basic household essentials.
Little or no regulation
All of that is at an or coming to an end and they have carved out huge losses even with that assistance and you suddenly expect them to turn a profit with the rug being pulled from underneath them.
Keep an eye on Quadpay bad debts I expect them to be truly staggering.
Z1P Price at posting:
$8.07 Sentiment: Sell Disclosure: Not Held
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