Anyway, without seeing the imminent annual report, the business has quite a bit going for it.....the market disagrees which is why its on a PE of 4....it's true consumers went of the cliff in June and these guys and others got smashed..
So the first positive is the valuation...
Second positive,it's not actually the worst business going around. Telstra's largest reseller, management still owns a massive part of it and seems still focussed...it's got 'good economics'
Fone Zone might not be a growth story any more....I think that Next Byte is, despite all the apple naysayers
This is a business that earned round 5 cents last year, 5 cents this year and is in danger of only earning 5 cents next year.....for 21.5 cents, that not the worst buy on the market...I'd wait for the annual report though
VTG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
