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XROLF - Xero: Possible Near-Term Drop Is An Opportunity
Xero Ltd Ord
Overview
Xero [ASX: XRO] / (XROLF) is a New Zealand-based company building a cloud accounting software for SMEs. Given its easy-to-use product, global presence, and strong company culture, we have always liked the business. As of today, the fundamentals have been strong and the stock still presents a solid investment opportunity. Over the years, the share price has steadily appreciated. However, the COVID-19 outbreak that has been impacting many SMEs globally will likely create pressure on the stock in the near-term. We are yet to find out the overall impact on Xero's business as we