Big Mike?5 Aug 2024 16:33
If MA was happy to buy at 35, he will be at 27.....personal opinion is we will see a notification RNS in the next few days. This is a pretty good chance to take over BOO on the cheap. Normally buying at scale would cause a spike up but not in this setting. Gift of a chance and fair play as it has all worked out for him. I guess this is why he is a billionaire! They make their own luck.
Why buy BOO? I have been trying to work it out but with Shein partly in the mire for their policy of avoiding duties and EU/US getting tough on them, a vehicle such as BOO would be handy and MA is already dealing with Shein. Not sure LTH's will get a great deal out of this as BOO is at rock bottom currently but it works for MA and Shein, IMO....All speculation of course.