RE: Lows?10 Jun 2022 13:36
Goodness Kando, that is a bearish view. 50% down from here? I really don't think so. Only if the Ukraine conflict broadens and deepens considerably.
Speaking the obvious, this is one of those occasions when the macro completely overwhelms any micro, bottom-up approach. The prospects of an investment made now, depends less on the company's position and more on a positive change in the macro picture and, as we all know, trying to time that is a mug's game. That's why everything feels like a gamble right now, not just Boohoo...