RE: Mike Ashley, Shein, Missguided17 Sep 2023 11:39
A healthy BB needs balance and Pedro certainly provides that balance, there is little point operating in an echo chamber which is why I have never filtered anyone and never will. Let’s face it, we are all here to make money and now again I will hear a snippet of good information that I have never considered before.
That said, I do change my mind, when the facts change. The issue that Boo and Asos are facing, but more Boo, are the Chinese disrupters. The good old days will never come back, Geopolitics is creating a stronger platform for Shein and Temu, they don’t pay tax at either end, use cheap labour and all the Chinese Government wants to do is flood the West with cheap goods, regardless if a profit is made or not. Compound that with reducing spend budgets for Boo’s target market and the prognosis does not look healthy.
That said, if the SP drops into the mid 20’s, I will buy some. The interims in a couple of weeks will be the proof of the pudding.