RE: Message board worth reading29 Jun 2022 10:58
ironknut - investing your way through an economic downcycle is often difficult. When you see stocks like BOO with a depreciating stock value caused by a general lowering of expectations across the markets the feeling you may have is the company will not survive. BOOHOO is actually doing OK with YoY sales increasing (even this year). Director share purchases are present this year. Investment in core infrastructure is at record highs. BOD know where they are going & the business model is sound. Only a third of the new credit facility has been touched, mainly used for investment in the company.
The stock price is just a label at present as it does not reflect the true value of the company. That will be clearer in 2024.
BOO does not pay dividends & the only gain you get from being a stockholder is the change in stock price. Those that invest & wait eventually get their return. Those that message on the boards are watching the markets minute by minute & use the boards for idle nonsense between the rare snippets of useful information. A high chat rate attracts attention to the stock, be that fact or fancy, otherwise it would be another grey stock.
Currently most investors are down on this stock, bit of a slippery fish as stocks go, but worth adding as part of a portfolio.