Maybe I am off over here, and we will need to see quarterly results to be sure, but I have a few short term concerns about the company.
It’s overwhelmingly export-oriented, and given inflation, the fear of recession, etc., I worry if the end-consumers, and the businesses that Goldiam sells to will trim demand for the next few quarters. For the simple reason that jewellery is a discretionary purchase.
In terms of financial metrics (I really love the negative working capital cycle for online sales), and the company’s overall strategy (especially the LGD push), I think that the company is a sure shot long term bet. However, in the near term, I feel like I could park my cash somewhere else.
Open to pushback and differing opinions here
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