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The criticisms being aimed at Boohoo remind me of something Warren Buffett said in 2003. In his annual letter to Berkshire Hathaway shareholders, Buffett warned that thereās āseldom just one ****roach in the kitchen.ā
He said that when āmanagements take the low road in aspects that are visible, it is likely they are following a similar path behind the scenes.ā
I donāt know if thereās anything wrong at Boohoo. But I donāt feel confident investing in an expensive stock when Iām not sure if I can trust management.
For now, I plan to avoid Boohoo shares.
Warren Buffet said in 2003 The criticisms being aimed at Boohoo remind me of something Warren Buffett said in 2003. In his annual letter to Berkshire Hathaway shareholders, Buffett warned that thereās āseldom just one ****roach in the kitchen.ā
He said that when āmanagements take the low road in aspects that are visible, it is likely they are following a similar path behind the scenes.ā
I donāt know if thereās anything wrong at Boohoo. But I donāt feel confident investing in an expensive stock when Iām not sure if I can trust management.
For now, I plan to avoid Boohoo shares.
Do your own research! This board is littered with people who will say buy. I got caught out myself. Take care guys. (That's the genuine investors) to tomorrow
Just curious, after you made a loss at 10k, are you now still in Boo?
Paid rampers in force this evening lol.
Cooking the books will be the next news
The question is: do you trust Boohoo? Do you trust the manager? Will the investigations find malpractice or corruption? Do you trust the paid rampers? A great big NO no no from me. Do your on research folks and don't be biased by paid rampers. Good luck tomorrow.
Guys please note there are a lot of paid rampers on this site. Don't believe everything they say they are clever and will tell you what you want to hear. The public will soon find out the true story
Mandatory for face masks to be worn in shops.......
Anyone prefere to shop online? Walked through town the other day. Dead as a dodo. H and H empty.
This will be old news in days.
Who gives a feck about Dominic Cummings anymore and that was on 24h in the press.
Any funds that bail out will make the price more attractive to funds who NEED to make money.
Remember the birthday cards that were being made in Chinese prisons for Tesco? Exactly!!
why not mention A S O S article in march. Leicester again bnot giving workers enough space and denying toilet breaks.
Some workers in UK public houses are working 60 hours a week for Ā£200 which works out at about Ā£3.35 an hour.
Please talk to workers in UK public houses. They come from Australia, New Zealand and all over Europe. They can work up to 60 hours and only get paid for 40 hours. They live in, so something like Ā£3 or more per hour is deducted from their wages to pay for their food and board. They end up being paid about Ā£5 an hour, Ā£200 a week. Because they live in, the owners can live away from the licensed premises, leave the workers to deal with deliveries, clean the public houses, tend the gardens, do the maintenance and anything else they get them to do over and above the bar work. The workers don't report any of this because they'll lose their jobs, food and board.
The UK Government does nothing to police employers when it's for them to do this.
What about owners of houses letting out on a room by room basis that are often unfit to live in? What about people letting out unfit sheds/outbuildings as rooms? What about landlords who can evict renters if they complain about the state of a property?
No doubt others on here can think of many more incidences like these.
Daily mail are just repeating this was already reported alot earlier today. As they say DYOR and most of all don't use daily mail or sun.
Recent headlines
Daily Mail - Boohoo's founder links to Leicester 'slave' factory revealed
Daily Mail - Sweatshop owner of Boohoo factory confesses he pays a shocking Ā£4.00 an hour
BBC news - Boohoo action on exploitation claims 'inadequate'
Lets see what the weekend rings.
gla
I'm glad you're happy with what you did snowman11. So I'm wondering if you've sold all your boohoo shares before close today, what are you doing posting 9 negative comments about Boohoo on here when you'd sold out already.
I can only guess you're trying to get the share price down to get in at a cheaper price. It's a shame you weren't honest about that before now.
Another one to filter.
Peoplepower - I spotted the Guardian article just before the market close, I sold my holding and tried to warn others. Since then there has been another article in the mail. I truly hope all the genuine investors mange to sell their shares before the price tanks again. Imho Boohoo are built on a house of cards. Gla now I am off to bed.
pookookachoo - I've been a lurker for a long time, but thanks for the attempt to discredit someone who has an opposing viewpoint. I just viewed your previous posts you've mentioned 150p and 200p many, many times... you missed your entry price in the panic sell so you're trying to panic others to sell on the cheap - we already had the Covid panic sells and look what happened... The SP might dip a bit briefly but nothing fundamentally has changed. It's going to climb back up, you're welcome to check back in next week. 300p before you see your 200p panic sell price.
Getting in at 199p will seem like a steal a few months from now. Investing, or trading, is never simple but there has been nothing to suggest we won't return to the 400's for Boohoo.
- Large holders like Jupiter increasing position. Aberdeen, in my opinion, are simply looking to tank it down to 250 to buy back in because that's what large II's do.
- Online businesses will boom with the high street dying and e-commerce gaining new customers since lockdown.
- Low-end products prosper in times of economic hardship.
- Business infrastructure remains sound, if they need to move production abroad then they definitely will.
- People have short memories and will find another hot topic soon enough - Nike, Primark seem to be doing just fine after similar events.
Now you're being ridiculous. I've read your posts snowman11 and you bought Boohoo at Ā£4.10, panicked and sold them at a loss. You've bought back in at Ā£2.54 and Ā£1.99 and are scared of losing more money. You have also lost money on Melrose. You have to make up your own mind what to do. I believe Boohoo is a world growth investment which I'll be holding for another 20 years at least. These things happen to shares. It's like a roller coaster ride sometimes. That's life. Research, research, research is the key for me to holding Boohoo shares. This time next year this blip will be long forgotten. If this chat board is making you anxious then get off it and stay off it for two week is my advice to you. Go and do something that doesn't make you anxious, stressed or depressed.
Emotion seems to be overriding here. Like most scandals, the effect will die out and it will retrace the losses within a few weeks. This is not the first time this has happened, history is telling. This is primed for a fib retrace up to 356ish before end of month. Higher after that, be patient and don't buy the emotional nonsense.
Peoplepower - lol. Ithink I have hit the nail on the head. Do you get paid by the hour or for each post?
I think Boohoo have more to do than to employ people to post positive comments on a chat board. You're sounding paranoid snowman11. I think it's time for you to take a rest from this chat board.
Please note that people who hold shares try to show people the positive side of Boohoo. People who don't hold shares or who want the share price to go down for whatever reason post negative comments about boohoo. It's as simple as that and no big conspiracy by boohoo.
Now knowing how Boohoo operate I wonder how easy it would be for them to employee people to post positive comments on this forum?
Snowwoman - sorry if I was impolite. Just feel let down. Thought I could buy Boohoo and lock and leave to retirement. Have a great weekend.