RE: Alon's sale8 Jan 2021 13:53
Is there really a major issue here? Yes he is 1 of the founders and his sales have tanked the share price a bit but he isn’t involved with the running of Plus now. He is simply taking 80% profit on shares he bought in March.
The company has never looked healthier long term. They will have around $900 million in the bank and got record numbers of active customers. Q4 was exceptional in terms of customer deposits and I’m guessing this Q will continue in that way.
If the PnL is poor for another quarter then so be it. But the quarter is 8 days old. Customers winning short term isn’t necessarily a bad thing long term. It’s just like a casino, the more they win, the more cash they put in and the more reckless/confident they become. It’s just human nature/psychology.
For me this is just an opportunity to now buy more shares at a company trading for cash on hand and P/E of 1 based on TTM