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I don't mind for both since I'm free carry for both anyway and...

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ghostnz

470 Posts.

29

06/03/20

17:15

Post #: 43349116
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Originally posted by healthyinvestor: ↑

No more labour intensive than SKO.

I can't get over this perception that PLX has such horrible margins. In the first half EBITDA margins were 17.5%, which is ahead of SKO.

PLX have increased their headcount mainly in wages on developers, and still capitalising only 3m a year. They generate positive operating cash flow so unlike unprofitable businesses investors know they won't feel the pinch as much.

In terms of the virus it may have a little impact on the transaction volumes, but can't see Mcds stopping the roll-out.

IMHO SKO is operating in an industry more affected by the virus and cost cutting and it's over 3x the MC of PLX.

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I don't mind for both since I'm free carry for both anyway and will be long term holder

Price at posting: 75.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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