RE: Why is this share beaten down?4 May 2022 08:31
I thought these results were strong. Nice to see a double digit gain in revenue! Market conditions are v tough right now, Asos making a loss, these results show light at the end of the tunnel.
Yes I have seen this also. Cautious times indeed, however this is where you make your money when sentiment is tough and then the business comes out shining the other side. Looks like US distribution centre is imminent and this is what has been holding back the SP for some time. Low debt levels and historically low PE is making a lot of investors consider buying BOO. The reduction in price target by Deutsche also shows a considerable upside from today's share price.
Have we seen the peak of negative sentiment in the retail sector? Most shorted industry in the UK surely this presents itself for opportunity for one hell of a rebound? First 4 months of this year have been shocking so far, will we see any improvement or will this persist for the rest of the year?