Depends if you take the view that cash flow has been used to invest into recently acquired businesses for future growth and whether this will lead to a good use of capital. Very different to being in a cash flow deficit to fund managements wages.
I believe they have a clear path to profitability but they recognise the opportunity to buy businesses, invest in them and in turn increase wealth for shareholders over the long term.
I hope market sentiment continues to provide opportunity to accumulate over the next 6 months or so.
FDV Price at posting:
68.5¢ Sentiment: Buy Disclosure: Held
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