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For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up.
So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, grow...
>>> Read more: Do Auswide Bank's (ASX:ABA) Earnings Warrant Your Attention?
So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, grow...
>>> Read more: Do Auswide Bank's (ASX:ABA) Earnings Warrant Your Attention?
