For growth stocks like ALG, profit is really irrelevant. I would rather they be investing all their revenue back into the business and opening more Main Event venues, which they are doing and expanding aggressively, 4 new openings planned for 2022 and new theme parks and attractions being added domestically.
Personally, I would also prefer if they maxed out their leverage and took on more debt at these insanely low interest rates for further expansion.
Most experienced investors would be concerned if ALG was choosing to go down a profit dividend path and reduce debt at this stage of their expansion.
For growth stocks like ALG, profit is really irrelevant. I would...
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Last
48.0¢ |
Change
-0.010(2.04%) |
Mkt cap ! $218.0M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.0¢ | 48.0¢ | $161.9K | 333.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 138386 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 49.0¢ | 59271 | 4 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
48.0¢ |
Change
-0.010 ( 1.68 %) |
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| Open | High | Low | Volume | ||
| 48.5¢ | 49.0¢ | 48.0¢ | 36534 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| CEH (ASX) Chart |