Who is participating in the SPP?, page-166

Personally, I don't care about net profit, I care about EBITDA.

It's normal for growing companies to run at negative cash flow, especially when their COGS is significant. WIP just sucks up working capital. It's only when a company like HLF stops growing (or contracts) that positive cash is collected.

Lookup a broker report for a growing company in the F&B industry, such as Maggie Beer, valuations are conducted on EV/EBITDA, not a PE.

Do you want Halo to stop growing? I don't.