Chuxa I would not worry unless you need the money quickly. The market is in a state of flux and everything that is not a commodity is being sold into. Fortunately I’m super long commodities with the one exception being BCC. I’ve averaged up even in a down trend too. While recent results were a small miss, the structural growth story remains on track. I could be out 30% on my own numbers and this is an easy 3 bagger from here. Honestly if this is not a +$100m market cap company in <18 months I’ll be shocked.
When fear is high it’s a great time to buy. This was so unloved even down to 22c when it seemed that it was just myself, veecat, stealth and a few others. Sentiment was so bad then but even now most of us are still up around 50% even though these levels are terrible. I’ll tag your post in 9 months and I will bet it will make you smile.
Just remember the sales of devices are LOCKED in, while the margins on airtime are very high.
Also, the starting position ie now, is one of strength. We have a strong balance sheet, we’re profitable and we’re cashflow positive. All before the inflection has hit and we have zero insto ownership or broker coverage. If you have the courage on your conviction, sometimes stocks like these can be life changing - especially for some of our top 20 holders that I think will do very well. All IMO
BCC Price at posting:
33.0¢ Sentiment: None Disclosure: Held
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