Small Cap Stocks Down Under 21 January 2022: Kogan.com, iCollege, Harris Technology

Kogan.com: Missing the point

In today's edition of Small Cap Stocks Down Under, Melbourne-based Kogan.com is a stock that has been hitting the Stocks Down Under report card hard. From our first four-star rating on 24 August 2020, the stock has plummeted over 66.7% and yet, we repeated our rating in ASX Top 200’s 8 March 2021 edition, and 3 December 2020 insight article Cyber Monday is the new Black Friday. Sure, Kogan.com is not growing EBITDA at the 57.9% it did in FY20, and EBITDA declined 32.3% in FY21. But you need to look deeper at the numbers to see that not only was this a temporary decline, but the fundamentals that foreshadow Kogan’s margins and customers are more robust than ever.   Also in today's edition, a look at alternative education provider iCollege (ASX: ICT) and pure-play technology reseller Harris Technology (ASX: HT8).   We last wrote about the Kogan.com on 24 August 2020.  

Click here to read the previous edition of Small Cap Stocks Down Under published 14 January 2022

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