$90 a share, page-95

A nice clip on XRO in the AFR:

"In our view, these companies present outstanding long-term buying opportunities. These are businesses with strong sustainable competitive advantages which have multi-year opportunities ahead of them," said Wilsons head of investment strategy David Cassidy."For some businesses COVID-19 will be little more than a speed bump, for others it may accelerate already favourable business drivers."Xero has sold-off heavily in the last month with investors potentially concerned small business bankruptcies could impact volume growth.Wilsons said the cloud-based nature of Xero would be of benefit to the company, adding to its long-term appeal as a number of companies are forced to work from home."[Xero] has strong liquidity position, and should be able to mange to free cash flow breakeven under even most extreme stress test," said Mr Cassidy.