Sunday Times8 Apr 2022 12:36
I am holding too...This was from the Sunday Times:
The Sunday Times's Sabah Meddings told readers to 'buy' shares of Made.com, predicting that the online furniture retailer would profit from easing supply snags and still high demand from millennials Europeans too.
The company flourished during lockdown but later fell afoul of global shipping delays and container shortages, resulting in its December profits warning after £45-worth of orders were delayed.
That was soon followed by the retirement of its chief executive officer which duly resulted in a large price drop.
Nonetheless, the "demand was there", Meddings said, pointing to a 38% jump in sales last year.
She added that high rates of employment should support consumer spending despite the cost-of-living squeeze.
Furthermore, the company had £100m of cash on its books and was savvy with its marketing.
"Asian supply blockages are easing and the brand is still held in high regard by millennials who are happy to buy their furniture without sitting on it first.
"[...] Solving supply issues will help get rid of the website's disastrous "out of stock" warnings, and that will make it a stock to get into. Buy."