Longer lockdowns means more potential profits, page-9

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portadelaidefan4321

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21/08/21

17:41

Post #: 55468903
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Originally posted by Dr.Bull: ↑

In my opinion the longer a lockdown goes on the more retails with brick and morter stores closes down, with this being said the longer a lock down goes on for than more potential profits will come of it via MYD.

1. people are saving by not driving or going to city to work and this gives people more money on a weekly bases to buy things online.

2. Bored at home, people who are bored have a very high tendency to spend money (this can be seen as proof via AFTERPAY and its data releases)

3. People working from home are not all working from home 100% effectively as online shopping is at their finger tips via any handheld device meaning people are more likely to buy something online while working.

4. MYD has come in at the most perfect time, with Covid and more lockdowns and money coming in from Australian governments into the pockets of thousands of Aussies this will create more spending via online shopping.

the bad news:
We are competing with the likes of ebay and Amazon who are the giants of online shopping, this is no secret. The company will need to create a subscription based model asap with reasons for the people to keep paying like amazonprime and their tv show/movie subscription service as this will create repeat customers and happy ones to stay also.

This is my point of view only.

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correct but without government stimulus people won’t spend so much….

MYD Price at posting: 71.5¢ Sentiment: Hold Disclosure: Held
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Longer lockdowns means more potential profits, page-9

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