Really impressed with what $CTT.AX management team pulled off. I think the market is too lazy to get how unique is their value proposition to Brands seeking tech to access a global distributed online tech solution; The unbelievable operational efficiency they accomplished ..
with but a fraction of Costs and Expenses other players needed at this stage (probably not much to add up to 1 billion in gross sales) on Marketing, Operations, the sheer size of the opportunity, or the relentless drive displayed here. #long #not_a_rec.
I expect the company is in the (very) early days of land grabbing (Recurring Users, Supply partners) in the global arena and management to be hyper focused at grabbing land while generating massive value to all its constituents at a hyper efficient DNA ...
And so I estimate there are more than a few levers to pull to improve on the P&L with size. Even before this, I expect the next leg of growth to reveal epic operating leverage that will surprise quite a few skeptics. Re Negative W/C - it is incredibly rare to find such a business
That can scale so rapidly with effective no capital requirements. Negative W/C happens both at the worst of the worst businesses or the best of the best. It's pretty obvious with which were are dealing here.
The market has been on edge regarding Mintz's shares coming of escrow with some wondering about the opportunity to gain from a quick short. My impression of Mintz is he is busy with growing the business and bullish with the opportunity (albeit in my book, those who generate ...
so much value to investors ARE entitled to take some off the table). In any case, it doesn't strike me he is in a rush to find a seller at this time. I think the current price offers a nice >20% CAGR for the next 3-4 years, and I may be underestimating Mintz. I see a long,
lucrative runway ahead of us. Above-average odds with time little $CTT.AX (ridiculed by some early investors) becomes an integral, key participant in its markets, and probably much better business than the incumbents. DYODD.
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