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It is indeed tempting but the shorting is relentless and growing.
I think the shorters got bit last year, I don't think they'll make the same mistake again?
It was your choice to deride my quoted research as shallow. Why would anyone then spend their own time helping you? You should have the capacity to work things out...
"Be kind whenever possible. It is always possible” Dalai Lama
"Id normally answer your questions poker but having derided my quoted research as very shallow I think I'll leave you to research it yourself. "
What a cop out VP.. ..you're dad would call you a coward
..answer the questions ..
Https://www.telegraph.co.uk/business/2024/04/20/ocado-under-pressure-abandon-london-new-york/
Is Value still shorting ? Or has she gone long? Tone and narrative changes as she changes.
CFRAs price reduction and research is of value. This investing.com article could have been better written. Like so much of financial journalism these days.
It doesn't say that though does it because the article was written by an AI bot and is worthless.
Yes, that should be amended to - Kroger's goal of expanding their home delivery scope outside their store network geographies. The closure of the 3 Kroger Ocado spokes points to Kroger being far more hesitant re expanding in this way in the future via Ocado
The article that mentions the CFRA research was written by an AI bot.
It contains the following quote
"Ocado's key partner, Kroger (NYSE:KR), has also shifted its strategy, moving away from the initial goal of a home delivery service."
Someone had better tell Kroger this as they don't seem to be aware. They were cheering online sales growth of 12% recently. On their investor call they said they are effectively in the 1st innings of a World Series in terms of where they want to go with growing sales online. They believe that in future they may get a lot closer to in store revenue.
Id normally answer your questions poker but having derided my quoted research as very shallow I think I'll leave you to research it yourself.
Liked that you said please though. Your mum would be proud.
Fair enough Poker,
Personally I always respect the different analysts research. Don't agree all the points of view for sure but I don't call them out as very shallow.
We all have our different approaches though.
VP
Please answer my questions to you in post 17:05 and 10:01
"The analysts at CFRA have far more data at their disposal than you"
VP..with respect....Dont insult people´s intelligence and ability to read what CFRA puts in their "analysis" and what they choose to conveniently leave out and how they conveniently word things to their agenda benefit , without having anyone take them up on the sly wording ...
I am not THAT stupid in terms of the research I have at hand
Sangijuelas1,
Personally I'd take any information a supposed Kroger employee said on a reddit board with a lot more than a pinch of salt but hey fair enough if that's what you base your research on.
Poker chips,
Very naive to think that it's shallow analysis that links Kroger spokes closing to a lesser evolution of the Kroger Ocado ecosystem. The analysts at CFRA have far more data at their disposal than you but hey we are all entitled to our opinions whatever they may be.
Valueplay lost his credibility a long time ago after telling us all to invest in Ocado whilst the share price fell he then went awaybefore returning to tell us abour the profits he had made but now was the time to sell.
I find it very odd that this is the only share he comments on even though he is not invested in it.
Yes indeed Stupmy.
It may not have regained 365 but at least it has found some support at last year’s low of 342:
https://invst.ly/14gskl
(NB regarding this daily chart: Investing.com appear to be showing an incorrect low for yesterday at 3.48 due to a misplaced decimal point! The intra-day low appears to have been 335. However the open and close are what counts in this context ).
Whether support now holds and it builds from here is another matter - but there's been some some good and positive debate about OCDO’s strengths and value on other threads here today.
Reasonable finish for the SP today. Barring something shocking over the weekend, it still looks like we could get a move to the upside. Whether would represent a change in trend is another question, but let's hope it does.
One of the Miami warehouse employees on Reddit said they are going to open a new warehouse in Cocoa Beach and there are job adverts posted for that in the last few days.
Apparently order volumes were higher there
Sangijuelas1
VP is entitled to his "assumptions" and "looks across" ...but to any one who looks at the detail they have a very shallow sense of analysis behind them
This Reddit thread is pretty informative. Worth reading replies to any of the comments.
A number of unhappy customers who were sad to lose the Kroger delivery as very good service.
https://www.reddit.com/r/kroger/comments/1bodhs9/kroger_delivery_closing_spokes/
" Many assumed that Kroger would go far beyond their contracted 20 CFCs and build out 40+ CFCs with associated spokes."
who VP are these "many" ?
can you provide an article of facts to give details of these "many" and their "assumptions" ??
how many CFC s are you aware of that Ocado are in a position to build at any one time?
..in terms of having the tech build for them all ?
Are you for real? CFCs were the only thing of interest to anyone and no one cared much about spokes or was aware of them.
I have also never heard anyone talk about 40 Kroger CFCs.
One reason for opening spokes was to use up spare capacity at the CFCs. Now it could be that they have had demand increasing in areas closer to the CFCs making the spokes somewhat surplus to requirements.
In an article on the closure of the Miami spoke it said they are going to be opening another warehouse (spoke) in Florida shortly.
On Reddit there is a thread with customers and employees discussing the spoke closures. One employee said it was because volumes were not high enough to justify the miles and that Kroger failed to do any marketing.
Also Miami residents are more likely to want small same day delivery rather than larger next day ones. Competition is intense there with Aldi and Public.
As for Instacart they are fine for small baskets but there vans aren't refrigerated so limited for cold or frozen food.
Sangijuelas1,
When Kroger were announcing new CFCs and spoke builds with regularity this boosted the share price. Many assumed that Kroger would go far beyond their contracted 20 CFCs and build out 40+ CFCs with associated spokes. Kroger havent commissioned any extra Ocado CFCs or spokes for around 8 months now. They have now closed 3 spokes. The obvious read across IMO is that the eventual Ocado network that Kroger will build out will be smaller than previously thought with less focus on new markets. Also that they will be slower in commissioning new Ocado hardware. You disagree with this point, fine.
Kroger have talked about their online sales positively in results calls. They though deal with many partners to facilitate their online sales, Instacart, Shipt etc. The read across from the spoke closure to me is that they will be leaning on those other online providers more and not expanding as much as they had thought initially with Ocado after the spoke failure.
Also if you are interested in nuance then I am surprised you don't mention Kroger celebrating significant online sales increases on their most recent investor call.