with or without the FZ money TNT does not need a CR. According to the recent releases they are more than adequately covered and unlike FZ they have real revenue coming in from a substantial base. For all those salivating about the FZ share price I would direct them to Covata a salient lesson in hype without substance. Frankly I wish that there were no more references to them on this feed as I am more concerned with the progress of the revenue generation of TNT. My reading is that the sales team has been restructured with a positive 4th quarter turnaround. Lets hope they can keep this momentum going and build upon the recent SMB offering which looks compelling. Share can levitate, but in the end its all about revenue and profit.
TNT Price at posting:
8.1¢ Sentiment: Buy Disclosure: Held