RE: "The Pauls" remain hopeful on Boohoo3 Nov 2022 19:05
Interesting breakdown.
What many people have not been mentioning which I think is significant is Boohoo isn’t just fashion. They sell plenty of beauty products on PLT and I think that will only be growing with Debenhams too, it’s an area that they can very much utilise because beauty is massive. Also the investment in RevB is always something that has interested me, I really think that is going to lead to some interesting things in the future.
The US warehouse will be great for business next year, supply chain costs are coming down, returns are no longer free, and of course it’s currently the most shorted stock but the shorts will eventually close.
Remember JP Morgan just invested huge in Boohoo too. The only thing preventing this from rising is the shorters. I am completely confident that this reaches over £1.50 some time next year.
Just have to ignore most of what you read on this board because be it good or bad, 90% of it is just emotional chatter.