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1.30% 7.8¢ mad paws holdings limited

News: MPA Mad Paws Says On Track For EBITDA Positive In Q1, page-3

  1. bcc_100
    1,071 Posts.
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    02/07/23
    10:51
    Post #: 68572994
    The pet business is insanely competitive. If you couldn't turn a profit over the last couple of years you're in for a world of hurt from here. I see Pet Circle has some issues too, but it has some well funded backers. It's the classic case of everyone sees a lot of demand and says "yes, me too" and the market gets swamped with supply. Difficult to see how MPA survives as a stand alone company when it is loss making with $4m in the bank.
    Last edited by bcc_100: 02/07/23
    MPA Price at posting: 10.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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