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Despite fall from $45 to $31, IG man says Xero still looks expensive - but also picks 'over-reaction' point

Chris Keall
Wed, 09 Apr 2014

UPDATE: Despite falling up to 12% Tuesday to $31.50 (for a market cap of $4.02 billion), Xero's dual-listed shares still look expensive, IG market strategist Evan Lucas says.

The stock has been battered over the past week, and is now well off its all-time high of $45.01, hit on March 6,

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Chris Keall
Wed, 09 Apr 2014
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Despite fall from $45 to $31, IG man says Xero still looks expensive - but also picks 'over-reaction' point
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