On-line accountancy business XRO caught my eye yesterday as it rallied another +2.7% taking its 2-week recovery to almost 19% illustrating the wall of buyers looking for bargains when quality businesses get sold off on news. The Xero (XRO) full year result was excellent showing an 18% increase in revenue to over $NZ850m however the market was looking for a touch more hence the sharp dip. We remain comfortable holders of XRO initially targeting ~25% upside over the next 12-months.
MM remains bullish XRO
Add To Hit List
