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Bullboard - Stock Discussion Forum Mogo Inc T.MOGO

Alternate Symbol(s):  MOGO

Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company... see more

TSX:MOGO - Post Discussion

Mogo Inc > A dud
View:
Post by zalmonella on Mar 24, 2022 11:06am

A dud

Another loss - $33M this time, or even a bit more if you exclude the derivatives that they hoped would reduce their losses further. Clearly this business model is hoping to make its money on asset gains and a return of value through crypto and some of its equity investments. I guess that's whjy they're hoping to spin off their investments into a separate fund to get them off the main balance sheet.  I'm not sure what good that will do - if half your business is propepping up your investments whiel they go south, the balance sheet will find that too.  

Just a note - in December they guided to 80M revenue up from 70M and missed by a long shot.  That's the question that needs to be asked.  What assumptions are these guys making that are so wrong so often?
Comment by Luckierjack2 on Apr 19, 2022 5:56am
One year performance of this stock shows down 72%.  That says it all.  LJ
Comment by Luckierjack2 on May 12, 2022 10:33am
Loses over$18 millon in first quarter and now down 84.5% in the last twelve months.   Impressive! LJ
Comment by AmericanAkita on May 20, 2022 5:47pm
Hey, at least we have the 1,000,000 tree milestone to show for it. Where's my chainsaw?
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