RE: The boss speaks10 Sep 2019 13:02
Ocado is a home shopping business - they pick stock, put it in vans, and deliver to the home. That's the height of it! It's an extremely capital intensive business, makes no money, and will continually need lots of investment. In the long-run - this will be seen for what it is - a Tesco.com with a few robots collecting groceries and delivering them. Fair value is at best one billion pounds and I am being generous - so £1 a share or thereabouts.