I can't mention ticker codes as that would be moderated for cross-promotion but I know of four ASX listed stocks (running genuine operating businesses) that are $5-12 million MC (lower EV) and profitable. There are a few others I follow performing at breakeven and sometimes marginally profitable. None of these have a high profile as they aren't glamourous stories or the next tech unicorn. Not all of them are necessarily a great investment but they would be better risk-reward than Swift over the next few years if the Canaccord report is right!
The point of my post here is that I was surprised the Canaccord report showed losses extending for at least a few years as surely no rational investor would be here if they expected that? The report is one of the most negative I have seen for a microcap stock. I am wondering whether someone has a convincing alternative viewpoint to share suggesting a quicker turnaround story and profits in FY21?!
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