RE: Superdry12 May 2018 10:31
Mr J. Thanks for bringing up the subject of Superdry.
I have long been involved in it with a small holding alongside my massive investment in BOO. I actually had some SDRY about �11 and watched it drop to �8, and finally sold about �12 only to see it go to �20.
I reckon it would be fairly priced at about �16 so when it suffered on results to �14, I piled in certain that it could not go much lower, which of course it has done.
Now, like you, I remain convinced there has to be a bounce back. Down 20% in 2 days when it remains strong and growing abroad seems absurd. But there is no logic in the market. It may take 6 months to recover rather than 6 days.
The really annoying thing for me is that all this loss took some of the bubbles out of my BOO celebrations. Roll on next week.