I just had a quick glance at XRO and a look back at when it listed as a SAAS (Note: I have not followed XRO nor have a read every announcement or even care about the company).
Completely different business I know but this is what I found interesting:
In the infancy of XRO & BIG both earnings are comparable say $70m a year (at a quick glace / feel free to correct me).
But XRO had expenditures that was ridiculous (I think most of NZ were on the books). BIG has no where near those outgoings. Again feel free to correct me.
What was surprising and of interest was this:
05/11/2012 XRO $4.65 12 months 11/11/2013 $30....
If I'm close to being around the mark here, we've got some good times coming up (which we already knew).
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