Is Xero too expensive?
Accounting software provider Xero is one of my favourite tech stocks. But does its failure to substantially penetrate the USA market mean that it is too expensive?
Paul Rickard has more than 30 years’ experience in financial services and banking, including 20 years with the Commonwealth Bank Group in senior leadership roles. Paul was the founding Managing Director and CEO of CommSec, and was named Australian ‘Stockbroker of the Year’ in 2005. In 2011, Paul teamed up with Peter Switzer and Maureen Jordan to launch the Switzer Report, a newsletter and website for share market investors. A regular commentator in the media, investment advisor and company director, he is also a Non-Executive Director of Tyro Payments Ltd and PEXA Group Limited.
Accounting software provider Xero is one of my favourite tech stocks. But does its failure to substantially penetrate the USA market mean that it is too expensive?
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