RE: ONCE IN A DECADE CHANCE TO BUY CHEAP BOO HOO SHARES31 Mar 2023 12:46
I hope they are right and this rockets back up, but from reading the motley fool article, they are suggesting it's got good potential to climb right up again but wouldn't invest themselves just yet and are watching this space.
Don't know if that's a good thing or not as I believe shares can do the opposite of motley fools recommendations on occasion, but I don't think anyone can predict the future...wait a minute I'll get me crystal ball out...no no I'm right, you can't see the future, its just a crystal. So I HOPE they are correct for all us investors, but base it on your own research and whether you want to own a piece of this company.
It's my 2 pence worth but boohoo is still advertising strongly, sponsoring people and events, trying to grow further, huge investment in usa. Whilst I'm very disappointed where the share price fell down too, it doesn't feel like it should be at these levels.
I still believe our fortunes are tied to the US though, do well there and this will fly up, fail and this will drop back again and hover in the low spots for sometime. I don't think it's bust situation even if this happens, due to strong UK followings and sales, but would be a very slow burn then..
Just my thoughts and I know everyone has their own, but good luck investors. ??