HT8 - Primed For Growth, page-57

Acherr/Stockfella/Wang all thank you for your feedback.

Stockfella your list is extensive. I agree with Ackers unfortunately the list in not a moat. Please note nothing wrong with businesses with no moats it just means they are very susceptible to competition or to put frankly someone copying their business model. Also business with no moats will always trade a PE discount. Doesn't mean profits can't grow just means the business is slightly riskier. Again the fact that HT8 do not know who their customers are or can not re-market to them direct is a long term negative... I do not know of any global players in the Western world that have successfully built an iT retail business by simply just puting their goods on 3rd party retailers like Amazon, Ebay. The qty I have is the worlds best online retailers have and market to their direct customers.

I mean yes, if Ht8 has like a billion $ turnover for Australia then maybe you could argue buying power but they don't. Happy to be proven wrong.