Margin squeeze26 Sep 2022 14:24
This business works on very tight margins. Like pound land, it sells volumes making pennies. But if inflation and a weaker currency drives cost of materials, inflates wages, and generally increases cost, the margin evaporates to a loss. There is more pain to come here as I outlined many times.
for those who ask why I comment, it's a simple fact that I still like the company, but like any stock, it's all about timing and the right price.
My outlook is park your money in more resilient stock like nbrown or trakm8 and when the time is right buy boo. No point riding the roller coaster down especially even economic shyte is only getting started.
TIMING IS EVERYTHING