OK, so the market cap is over $400m. Annualised revenue is $24m. Profit is ?
Let's use a market cap of $400m. I can invest that in the bank with effectively no risk and achieve a 4% return. That's $16m profit per year. The company is miles away from achieving this. Quite how far I don't know because they haven't actually made a profit yet.
Those that think naysayers are off the mark need to consider how much risk is involved with this investment.
It looks like they've got a good product (which is what has attracted me to AFY), but an investment at current levels already has a phenomenal amount of growth priced in. And with that comes a huge amount of risk.
Please consider this before blindly waving away people with negative views.
AFY Price at posting:
$2.46 Sentiment: None Disclosure: Not Held
