The shorts have been giving it a pasting, although they have pulled back a fair bit lately - either because it has fallen a lot already, or because they don't want any surprises from the retail army. Last week a massive amount of puts matured well into the money from $3.31 down to $2.80 and somebody cleaned up - they clearly knew they their stuff, after ZIP showed weaker than expected figures in the last quarterly, with lower revenue yields and higher costs.
At this stage it looks it may have achieved 16% growth year on year - not sure how that will compare with CSs predictions, but I think she was talking a lot higher. In December it missed expectations by 5.8%. Operating expenses are up, margins decreased and Australia is a basket case in every respect, while the US is where the action is. Disappointments result in a caning and the best hope is that it can get the bad news out of the way and restore some confidence. Some might respond to how things are looking in the US and it is not good.
ZIP Price at posting:
$2.38 Sentiment: Sell Disclosure: Not Held
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