Ann: October 2021 Business Update, page-38

Indeed. Christmas sales have nothing to do with it. More to the point is this stock is deep value with a price to sales of 1.3 and with a likely long run net profit margin of somewhere around 3.5% combined with any sort of realistic revenue growth will see this company making such profits that will make this share price look like a hilarious joke in the medium term and an even funnier one in the long term.

The arbitrage to be gained is buying the stocks the boomers and the super funds hate for idiotic reasons, and they hate Kogan because they made the foresighted decision to say f-k profits and f-k your boomer dividends we're going to ride this wave and get as much growth as we can. When boomers and super fund losers who never make any money sell out of a stock for a reason that's good long term for the company it doesn't take a genius just buy the stock and wait for the free money to come rolling in.

90% chance of a 10x in 10 years. Even chance of a 10x in 5.