CRZ 1.28% $10.30 carsales.com limited

raised to buy from hold at d.b. pt a$11, page-12

  1. 7,719 Posts.
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    I feel there is quite a lot of risk in this buy - says in AFR article that used car adds are free. Also says it was bought for an EBITx of 15.6.

    Also do they get any board seats or anything at all to assist in managing this bus? I assume not.

    It seems analysts have got information that the market is not privy to - so they may know the answers already.

    There are a lot of optimistic assumptions happening.

    Not quite sure this is going to be a replay of SEK with their recent acquisition.

    anyway - shorted it for a quick trade - not sure where it will go - but risk off and taking profits Friday afternoon might (or might not) help.

    GLTA
 
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