Oh boy... this kind of activity feels like really long term thinking. Acquiring software businesses while keeping their own profits low, building market share and steadily increasing revenues. Right now, with what's happening on the NASDAQ and VIX, this feels like a risky purchase. But if you are buying Xero to expect a return in 10 years because of its business plan, I think now is a good time to buy some shares.
I'm looking forward to buying a small parcel on open. No-one can predict the future, but Xero is certainly setting themselves up incredibly well. I wouldn't be surprised to see extremely volatile share price movements throughout 2021, however when 2030 rolls around, this company will be making billions in revenue. Their proven track record to increase revenue over time means the value of the company simply cannot stay down long term.
Keen to hear other thoughts on this.
News: XRO Xero To Buy Workforce Management Platform Planday, page-2
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Last
$161.55 |
Change
0.410(0.25%) |
Mkt cap ! $24.67B | |||
| Open | High | Low | Value | Volume |
| $161.07 | $162.31 | $160.39 | $53.89M | 333.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3906 | $161.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $162.17 | 250 | 1 |
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| XRO (ASX) Chart |