The margins were good but I agree with you that revenue was lower than expected. I read that Best Buys had been doing about 40% of its sales online at one stage during the pandemic, I am not sure if that is still the case. The question now is can BUD sell the inventory without lowering margins too much. If margins are below 35% then that will make it difficult to be EBITDA positive. The debt and the interest on the debt are two big problems that do not look like going away anytime soon. At least most of the debt does not have to be repaid until 2024, so they still have time to turn things around and become profitable.
@gallea BUD did not quite make your prediction for $200m revenue in 2021.
BUD Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held
