You are 100% right the only logical measure is Total Shareholder Return (TSR), revenue is a silly target, profit is a possible target but not as good as TSR. For a service based business revenue only counts if it is profitable, there is an argument for surpressed profit while growing rapidly. However this is about reinvestment and still requires strong underlying profit. Also this is only relevant on organic growht and as per my earlier posts the reaility the organic growth in this stock is less then inflation from my maths.
I had said I would wait until below 6c which was this quarter, but I have to admit I am still on the sideline as I beleive it will be below 5c before it is over 7c. All signs to me say that this will go down further, as one of the earlier posts highlighted I think they said that 2H was 75% of profit due to seaonaility. I can't see Q4 closing that gap so only more down side ... but time will tell.
TNT Price at posting:
5.6¢ Sentiment: None Disclosure: Not Held
