Further to my post on 16 March, I've sold out. Fundamentally, I believe Xero is a fantastic business. However at this valuation, I'm concerned that it can easily suffer from a share price drop alongside a general market correction. This is a risky viewpoint as Xero is a business that could simply be overvalued for the next 10 years. In 10 years from today, I'm confident Xero will have a much higher market cap than it does today.
I sold late last week at a small profit and do feel better for it. If the price falls back down to the $100~ range I will become an interested buyer. For now, I will watch from the sidelines.
Good luck to all!
Further to my post on 16 March, I've sold out. Fundamentally, I...
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Last
$141.61 |
Change
-0.860(0.60%) |
Mkt cap ! $21.62B | |||
| Open | High | Low | Value | Volume |
| $140.43 | $141.61 | $138.60 | $46.32M | 329.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 852 | $141.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $141.66 | 967 | 1 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| XRO (ASX) Chart |