I recommend you learn to read a balance sheet.... Tyro hold $130m in goodwill alone as an asset which isn't very useful equity to pay for losses. Tyro's savings of circa $11m makes up for more than half of their previous annual losses of around $20m... what do you think they have stopped doing or were they really so inefficient? Their APS disclosure shows another worrying 5% fall in PCR in a quarter. This rate of decline can't be sustained so you have to believe they have stopped the cash burn. The list goes on and on.
TYR Price at posting:
$1.57 Sentiment: Hold Disclosure: Held
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