Imagine celebrating a 25% crash like it’s some kind of win. The quarterly report was downright pathetic. $3.4 billion in TTV and they could only squeeze out a measly $35.3 million in EBTDA. That’s a joke of a margin and it doesn’t even account for bad debts and other expenses. Net profit is all that matters and ZIP has no chance of ever making a meaningful sum to justify its market cap even at these levels. Topping up on a sinking ship isn’t an opportunity, it’s desperation to potentially lower your average.
ZIP Price at posting:
$2.44 Sentiment: Sell Disclosure: Not Held
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