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Views on XRO

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked 08/02/2021

Views on XRO

“Good morning James, What will be the catalyst to send the XRO (ZERO) share price into positive territory again? Not a fan of these lower lows! Kind regards, Charlie M.

Answer

Morning Charlie,

Me neither! XRO is a great story but its valuation clearly got too rich even for this bullish market above $150. Ideally we will see some good company news or an upgrade from a broking house around the $130 area. This has clearly been a great investment for MM but back above $140 we might consider exiting but at current levels it looks ok.

XRO

MM remains cautiously bullish XRO

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Xero (XRO)

LAST UPDATED 08/02/2021 10:53

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