RE: Warehouse.14 Sep 2018 11:35
'Yes the share has underperformed, mainly due to director/family selling'...it's certainly made it more volatile but as a reason for underperformance, seems a stretch.
It has a similar P/E ratio to ASOS, an eye watering 62, ASOS 75. Market is consolidating a lot of these 'growth' stocks atm, at the fag end of the longest bull market in history, around concerns about interest rates, public and private debt, consumer spending, yadda, yadda, yadda.
The marketing seems effective and the vertical integration of the business is very positive but the market cap at 1.93B and closer to 3.0B before, just got away from itself, it happens.
Unfortunately by the time the taxi driver is tipping BOO to you as a buy it's peaking, for the moment anyway.