BUY HOLD SELL - XRO
Why look at Xero?
Well, because it has taken a beating of late and, aside from the broader market rout, there doesn’t seem to be too many reasons for the selloff.
The question therefore begs, is this a mispricing opportunity or simply another fallen angel?
Earlier this month, Xero surpassed one million subscribers in the Australia and New Zealand region.
To put that in context, just 18 months earlier the company hit that milestone for overall users, in all regions.
That is a pretty impressive growth rate and it is based on the fact that they were the first to market with a cloud-based accounting solution.
While Australia and New Zealand is comfortably Xero's biggest market, contributing 66% of its $256.5m in revenue in...Continue Reading