Yes you have to take on some poo(bad debt) when growing. Then dump the Poo off on the journey of growth.
They have a nimble choice of how much bad debt they are willing to take on for their lending criteria, they can change that online decision engine on day by day minute by minute if they have to.
ZIP were very tight on their poo when expanding in Aus and US but recently decided to take some extra poo on when expanding out to “less personally financial” countries, that was a choice and now they are saying they are tightening again. Ebbs and flows. It’s business and a choice by them to take on the poo...it didn’t happen to them, they chose the poo.
Z1P Price at posting:
$1.47 Sentiment: Buy Disclosure: Held
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