A $80m cash outflow to make a net profit of $2m. Its a lot of work!
Its going to need to continue its rapid growth to get anywhere near its valuation, and if the USA plan doesnt work, they are going to look very very overvalued.
The Aus business will hit a ceiling within the next year or two of rapid growth before it will slow I think.
I still think the product/customer experience is solid, I just am not sure it translate to actually making a decent profit to reflect its valuation, now at $1.2bn!
APT Price at posting:
$7.80 Sentiment: Sell Disclosure: Not Held
