RE: GQ interview18 Jun 2022 13:59
No, it's actually private investors that easily lose their nerve and sell at the bottom. That is why most of them lose vs II's
Valuation has plummeted based on small number of shares available/ PI's ****ting themselves and shorting.
It was priced in a different world, a covid one with lockdowns that is, and even now with war, inflation, supply chain issues and potential recession, this company is still on track to deliver 20-25 % revenue growth.
Stellar performance given global conditions and it makes current market cap an utter joke.
The institutions wouldn't have taken the offer, because THG confirmed yet again this week they are still on track for 20/25% growth so why sell.
Imo, in current climate you should sell companies that are performing poorly, not the ones that are still growing strongly.