Moving past COVID impact on the business revenue and margins performance, I think 2021 will be a promising year as the company seems to have pivoted quickly to ecommerce, which is a model that will remain relevant post Covid. International transactions once travel resumes will also contribute to higher margins. So once VIC and other states return to a more normal behavior pattern, flights internationally start resuming, revenue and margins will exponentially increase from where it is now. Company has a strong balance sheet and is well placed to weather the storm until hopefully next year when we have a vaccine. Before re-opening in VIC, I still think Tyro can achieve modest gains in its ecommerce space and loans division to keep investors interested and expectant.
TYR Price at posting:
$3.30 Sentiment: Hold Disclosure: Not Held
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