RBL 20.5% $4.38 redbubble limited

big drop why, page-2

  1. lp2
    186 Posts.
    lightbulb Created with Sketch. 5
    This stock is going back to sub $1.

    Very similar to the path trodden by FLN.

    They continue to grow healthily but no uptick in EBITDA/Profit. You can see the operating metrics deteriorating as they try and move from paid to organic, their conversion is worse and will continue.

    They talk about operating leverage but I just don't see it. Unlikely to move to profitability.

    $100-$200 million market cap more suitable as its only value is via acquisition option to one of the big boys.
 
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