Ann: Profit Guidance, page-182

How the times have changed.

In the "Afterpay era" no one even cared about profitability, let alone statutory profit. Growth, growth, growth was the only thing people cared about.

Now it's at the forefront. Back to good old fashioned fundamentals - and to think value investors were ridiculed less than 6 months ago.

I am still kind of amazed by the reaction to the revised figures. Yes, it was disappointing - but this - please.

More than anything it just reaffirms how fickle these growth oriented stocks are. The slightest change to the most rosiest outlook - chaos ensues.

People are going to make a lot of money out of this - and it won't be retail investors dumping it every time the fairy tale doesn't play out exactly as planned, or falling into the fear trap.