Australia is at break even and will become profitable as bad debts and cost of interest decrease.
With continued growth from Amazon and new enterprise merchants, they're a year or 2 behind Afterpay in terms of ANZ EBITDA. Costs are fixed there and they're still growing at a solid rate.
Take at a look at the arrears rates in the last 2 quarterly updates.
Investing is all about blocking out the noise and emotion and focusing on a few simple points.
Check out the video below where Larry talks about Australia being at break even.
There is huge potential upside from here and a possible Disallowed in the next year. I would rather lose 50% on a stock than miss a Disallowed.
Z1P Price at posting:
$5.17 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)