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clock Created with Sketch. 15/11/21
14:20
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Originally posted by Lillard0:
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It would seem pretty short sighted if many investors are wanting to get out purely on the back of the advertising spend from last quarter. At the end of the day, the Olympics come around once every 4 years and the company decided this would be the best time to try and get some exposure with an advertising campaign. Whether you agree or not, the reality is that additional advertising spend is going to disappear from the next quarterly and likely the company is going to post its first cash flow positive quarter.
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I agree about growth, but bigbmarket moves are herd mentality. The stock has been trading side ways for ages(A slight descending channel infact) and the common theme has been and will be to sell into news, unless it's fantastic news that retail hasn't expected. Pray the advertising spend delivers.
Last edited by
Petrj :
15/11/21
