Have you read the entire thread ? The person who has set up the business has much more pedigree in his field than we have . Surely ,he can also see with his eyes that the sector is unorganised and margins are thin . He is trying to do something that has not been done at this scale and apparently many canny investors and industrialists have faith in the business model to put in money when there was no business at all . While it’s true that they did so at 250 per share , it’s also true they did it based on even less data to go on . While the business can run and be profitable consistently in future is something that no one knows , it’s surely foolish to look for moat in a business that’s only taking baby steps . It surely won’t pass the Buffet copycats scrutiny but there are many ways to invest and make money .Only thing is that one must not not expect to hear opera music in a rock concert .
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