BIG (ASX) Ann: Update on USA Operations

Originally posted by toesen ↑

I have been doing a lot of thinking about my dim view on the FY17 and if I am just an old git not being able to let go of a stupid comment.

So far I am not back - it still matters to me that it is not transparent and that BIG used a certain narrative one way only. Besides that my mind gets f.. up in understanding why the Coca Cola announcement of 15k, then FY17, then the USA ---I see conspiracies.

Humor aside then I really do not understand why the Coca Cola announcement - BIG have minimum 180 of that type of deals and it puzzles me immensely why they figured they had to release this one.

Another problem is of course that I am no professional investor nor do I have accounting experience so the full understanding is something I need to spend a lot of time to achieve.

But I am trying hard to understand better and I am getting further into BIGs "universe" every day.

I am struggling to make a decision - on one hand, there is the upper sky and on the other a mediocre share price for quite a while. Risk/reward is simply not clear to me at this point.

The error margin is no longer as big as I thought and if things go south I simply do not want my money stuck in a labor intense growth stock. Too many moving parts in that story.

If things go north for good reason - well then I am going to have to bite the sour apple and rebuy in the 1.80's or so. I am sure the share will gap up if the questions asked suddenly gets explained to shareholder satisfaction.

When all that I think I am going to make up my mind before Q1 cash flow report but for now I let the good looking girl dance with some others for a while and try really get to know her before making the move.

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A more elaborate and articulate post on the investment thought process than most give. Or for that matter than some who just jump on a band wagon without a true feel for value. So hat off to u.

U won't lose money by waiting until ur comfortable, and if BIG ends up as profitable as many (including me) are hoping and expecting there will be many entry opportunities in the future.

Enough comments on the merits of BIG so I won't repeat them. Good luck.