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05/07/21
15:24
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Originally posted by pcaman2003:
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Creso has -225% return on equity and -144% return on assets. Return on capital employed the past 3 years is -68%. They have less than a year of cash based on current free cash flow. I could continue but the facts speak for themselves, without further explanation. Creso history is unimpressive to say the least and personally, I wouldn't touch it with a barge pole. GLTAH that stick with them. I hope that Creso can get beyond the constant "potential", and start making shareholders some coin. They had a brief period of rapid rise before dropping back some, but I believe IMO that was based on news, rather than financials and substance.
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if we take the same logic then most of the spec stocks on asx would go bust in the next 12 months and no one will ever invest in spec/ small cap companies.