In the past I’ve gone on record telling people that it is premature to analyse Xero post IPO, given that they have a three year plan and they’ve only just embarked upon it.
What then is my reaction to Adam Bennett’s editorial this morning regarding Burger Fuel’s progress post-IPO?
There’s a difference here between Xero and BF – Xero is a well thought out, strategically focused play that, while risky is a risk analysis of maturity. Burger Fuel’s IPO seemed to rely heavily on street-cred and little on business sense. It also seemed to rely on young, investment-naive investors and as such was always up for higher scrutiny.
On the information thus far I’m pleased I didn’t invest…