Hey Rick, thanks for reaching out. I stated that I didn't own shares when I posted the original writeup and haven't bought or owned any shares since. While revenues are up a bit, it's still a very small amount, and Onfolio is not generating profits, free cash flow, or high returns on capital. That's not to say that it can't in the future, but things don't look great as of now.
What do you think about the business? I'm interested in hearing your feedback.
I agree, I sold out of a lot after that May 2023 pop (not during!) but held on to some fomo shares so just wondering if anyone has anything positive to say.
I like the SEO space. As has been commented, their content offering is hands on. Not full of easy fees and high margin customers like managing digital ads. Glad he mentioned its a tough space as he seems to also have the experience to run at least one of these well (based on his previous history). Not my cup of tea but that's because I'm lazy.
Any thoughts after earnings??
Any updates worth providing on ONFO, buy more or was this a swing and a miss?
Hey Rick, thanks for reaching out. I stated that I didn't own shares when I posted the original writeup and haven't bought or owned any shares since. While revenues are up a bit, it's still a very small amount, and Onfolio is not generating profits, free cash flow, or high returns on capital. That's not to say that it can't in the future, but things don't look great as of now.
What do you think about the business? I'm interested in hearing your feedback.
I agree, I sold out of a lot after that May 2023 pop (not during!) but held on to some fomo shares so just wondering if anyone has anything positive to say.
I like the SEO space. As has been commented, their content offering is hands on. Not full of easy fees and high margin customers like managing digital ads. Glad he mentioned its a tough space as he seems to also have the experience to run at least one of these well (based on his previous history). Not my cup of tea but that's because I'm lazy.