RE: Morning All21 Dec 2018 09:36
Tonka I'm no expert on the PE ratings on these type of stocks. ASOS PE has been reduced to this level as growth has stalled. BOOHOO where they are growing as planned is circa 56! Out of interest I checked as someone had previously mentioned the market cap for both is now around the same. ASOS has superior sales and profits though?? All very interesting and hard to rate these type of companies. ASOS medium to long term picture still looks very good and expanding into markets particularly the US