Pbh future from here, page-16

fair bit of negative sentiment here and fair enough, all good. but I'm struggling to see how the pontential opportunity here isn't coming through as well. I think the Australian market has a lot of criticism for any company that isn't rushing towards profitability as quick as they can. American markets seem to have a lot more time for companies that are spending big to win customers and market share and if that comes at the cost of short term profitability then so be it; there are other results worth watching and investing in.

intelligent investor, as a pretty conservative investment advisory service has their fair value at around $7. yes based on achieving similar market share in new markets to what they've achieved so far. but I'm really wondering on what basis share price predictions of less than $1 are based on anything more than trend / technical analysis of the short term movement with no regard for the 1-5 year opportunity. and if you're investing with that timeframe then I think the the dire predictions aren't based on their business opportunity and execution, but based on short term reactions to the noise of a correction for high-growth, pre-profit stocks that are getting hammered at the moment.

personally, doesn't bother me too much if a high growth stock goes down with the whole market. yes Q2 results not what I was hoping. but when u take into account the market theyve recently entered, plus the ones they're very likely to enter in next 12 months, the thesis that this is a growth stock with a long runway that is able to enter many new market successfully with partners says this story is in tact and has a lot of opportunity ahead. Fear will push a lot of people out right now, but don't fall into the trap of thinking that general negative sentiment is a true reflection of business fundamentals and the opportunity ahead. if you've got a 12 month+ investment horizon, I think this is a very reasonably priced and exciting growth stock. not without risk. but $1 valuation talk can only be based on an assumption that this stock will not enter any new states and will fail to gain any traction for here. gambling stocks like BNPL stocks are out of favour right now, and these are the times to thinks seriously about getting in at attractive valuations. very rarely do u get to make an investment that is a great decision without having to challenge current negative sentiment. think afterpay at $8 during COVID, or alibaba now - if u understand what the business is doing and where it's going, there are rare opportunities to invest when the majority of short term investors have turned against it for sentiment more than fundamentals and prospects.

the market will turn again; and when it does, with PBH adding another 10 US markets-ish over the next 12 months it will look very attractive at these prices. just my opinion, not sdvice. appreciate the counter perspectives being offered. but here's mine as a mid to long-term bull.