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except Buff, you would still have to actually sell it.
PP1
If I kept a toaster for long enough it would be worth a few million. Just won’t be around to benefit from it.
slips, I did not mention the type of fabric to be used, and also I have no idea how things will evolve or how Boo will react to them. My main point was to highlight that LTB&H only works if over a long period the company continues to grow.
That to me, in this age we live is not a given at all.
Knowing when to sell is one of the hardest questions to answer: Just saying "in years to come" is imo a cop out and just a way of putting off thinking about such a hard question.
Nonsense, man. Boohoo sells clothing, not some ever evolving tech. The natural fibres used are the same as during the pharaoh times. They are not even “green”, they take away a lot of water, agricultural land, produce CO2 and methane and are perishable. Besides, they could only dress about 10% of the population. Artificial fibres are here to stay. The future, which has already begun by the way, is to recycle them. There are factories converting plastic, polyester, etc back into oil and then back into plastic. You can’t do the same with natural fibres.
We are not going to walk around naked in 10 years....any of the 7 billion of us. Boohoo clothes are not made differently from Ted Baker or Reiss clothes, for example. They are just sold cheaper, so the target population can afford them. This is the only reason why it is singled out. Sells affordable clothing to students, apprentices and teenagers. According to Boohoo, they sell about 10 pieces a year to a young person, for about £120. However, Boohoo has now more than 10 brands which make relatively expensive clothes for the vast majority of the ever growing and ageing population, which can afford to pay more. I already spent £120 on Debenhams website in one go, and would probably end up spending £3000 a year.
Its the weekend:
Interesting remark, but again, they will be no conversation about this which completely discounts the whole point of a BB. but anyway, "I buy shares forever if I can. Boohoo is one of my forever shares. "
In which case you might as well have burnt the original purchase money because until you cash in, those shares are, to all intents and purposes, worthless.
Potentially Boo might start paying a dividend and then ok, there is an argument to hold stocks for the long term. But, say the stock value is now worth £2m to the individual and Boo are paying out 2% divi (£20k per annum.) But could sell £50k per annum of shares for the next 40 years! How much do you need?
The whole point of picking stocks is for them to increase in value and then convert those stocks to money and then convert that money to "stuff". Otherwise what's the point? (Saving is just deferred spending remember)
The other flaw in PP1's (and all LTB&H's) argument is the ASUUMPTION that long term, stocks only increase in value. This is true for some stocks but clearly not for all. There is no nailed on, infallibility that Boo will be around in 10 years time let alone still growing.
The current Zietgeist is for sustainability and green goods/production. I think this barely started "trend" has some years to run and it may even become a way of life.
it could well be that disposable, cheap fashion is seen as the "worst way" of buying apparel. Longer lasting material may therefore become the next "big" thing, in which case, being longer lasting, it might not be replaced as quickly as fast fashion items are now?
I have no idea about any of this but simply highlight that we live in the most fastest changing world now known to mankind. How anyone can pick a LTB is quite beyond me.
Here's 2 quick ones: Lithium ion batteries (eg for cars) are actually quite dangerous and when they catch fire cannot be extinguished easily. (google it) So new metals and types of battery are being looked at. (Good luck Tesla), coupled with Hydrogen Fuel cell driven cars, again will do away or vastly reduce electric car batteries.Good luck Tesla again.
Tech is changing everything around us all so quickly it makes picking long term stocks (imo) just a lottery and is actually a very high risk strategy.
ChriskN16 - I buy shares forever if I can. Boohoo is one of my forever shares.
The recommendations on the site change so often that I don't place much creedence on them. They're all different depending on the time frame. There are 8 time frames.
Interesting that the site for which you provide the link as the company as a very strong sell!
https://uk.investing.com/equities/boohoo-technical
Closed at 318.60p