Ann: EML Announces New Managing Director and CEO, page-51

im actually baffled.

so reading through the last few reports (i used to town this stock a few years ago), and been looking again at this price.

We traded 24mill NPAT in FY 2020.

this year we are calling a 10% reduction to guidance down from 30-34 to 27-30Mill NPAT.

everything else is growing, we have benefit coming from interest rate improvements on our float.

And between a guidance report and a CEO being turfed (looks like a positive), we have traded from $3 to $1.

66% discount for guidance adjustment of 10% down on NPAT, and new CEO.

what am i missing? most shitty payment, BNPL make no money, constantly raise, and are ridiculous cluations on revenue, we can actually work out an EBITDa multiple and at $370ml MC, and 55ml EBITDA called for F22. we are trading at 7-8 x EBITDA.

Ive got alot to catch up on, but this seems to be an overreaction with macro factors and sentiment Vs underlying fundamentals.

what justifies such a large drop? what am i missing.

i think im a buyer soon as these levels for a 5 year hold. Maybe wait for next leg down on any more macro surprises, but it seems for all intents and purposes like a strong business with good prospects over the next 5-7 years