galumay
learner
- Joined
- 17 September 2011
- Posts
- 3,394
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I think its probably just volatility in a micro cap, CXZ often jumps around in 10% range, i reality it hasnt gone anywhere in 2 years, the single client risk continues to hold it back IMO, I am happy to continue to hold a small position because its a pretty asymmetric bet, if they cant grow the business with new clients, its still a profitable little company that has little downside in the medium term, (especially since resigning GM.), on the other hand if they can get new clients or scale up CXZTRAC then it should show growth in profitability and ROIIC thereby earning a rerate.