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BLU's been hammered but the prepaid distribution model is solid, revenue's still flowing. Problem is margin…by @bayman_jse on $BLU

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Bayman@bayman_jse·Bearish

BLU's been hammered but the prepaid distribution model is solid, revenue's still flowing. Problem is margins got squeezed and debt sitting heavy on the books. If they can sort out the cash burn and get back to growing volumes instead of just existing, there's a recovery play here. Not touching it yet but watching those dips, good day to top up once we see some actual progress on the balance sheet.

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