RE: When is the P/E Attractive??13 May 2021 11:37
Hey Streets
I’m a Boohoo fan. Just to set the record straight...
I think BOO should be much higher but the P/E, bad press (many incidents) etc have dragged them down.
I’ll invest when I can see a reasonable return vs risk.
They have bought some great brands but likewise they’ve bought some dated ones to IMHO.
I don’t like everything they do but generally like the brand.
Now that things are getting cleared up & the press finding less to depress the stock it will become more investable.
I’ve personally chose the buy below 300 & sell over 350 as my personal window.
At the moment the world stock markets are depressed with a US sell off so while 300 is attractive I’m not rushing in while there maybe more market driven depression inbound.
I do think it’s a good buy if you’re patient as we will see 350-370-400 again in time.
There are just many more stocks moving better at present.
I can see this back over 330 once the dust settles so there’s a nice 10% there for folks but more risk vs other shares as online retail P/E is high whereas other sectors are lower with more upside.
Boohoo will get north of 400 again one day just hard to call when. If you’re a long termer then holding & ignoring noise will give profit.
As long as we all set our buy & sell goals (& stock to them) then everyone should be happy.
I tend to adjust mine on market dynamics so at the moment I’m waiting too see how the US drags markets.
I’m a fan of many stocks but I don’t get emotionally attached to the brand as making profit is all about patience, which is why I watch BOO as they are a great stock bought at the right time.
Anyways GL to all as I make my decisions & don’t wish anybody loss on theirs as we are all here to make money at the end of the day.
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