EXL 6.32% 89.0¢ elixinol global limited

Bit of a skeptic of EXL myself (thought they were overvalued at...

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    Bit of a skeptic of EXL myself (thought they were overvalued at $2) but I think their turnover can hit $10m+ for the quarter so it's not as much ST doom & gloom as seems to be portrayed. A lot of funds in inventory expansion in the last 4C, and one would imagine that a material inventory write-down would have been announced if applicable.

    CF should suffice to March based on this, as $10m at end of the quarter is without factoring in any sales. Sinking that much in op costs for the current quarter surely would lead to more income if they are marketing right.. if not, someone needs to shoot whoever put that marketing spend budget in place (again).

    Likely to have had an internal culture change/better productivity with the new CEO too.

    Will still await next 4C/financials before seeing if I will dip my toes in though. Still further potential to fall in ST.
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