We still think investors should steer clear of the business due to an expensive valuation
Thursday 04 Jun 2020 Author: Ian Conway
An entertaining if brief dust-up between AIM online fashion firm Boohoo.com ( BOO:AIM ) and short seller ShadowFall Research, ultimately saw the former prevail. However, even if strong growth is being forecast, we think investors should steer clear of the stock on valuation grounds. Based on upgraded forecasts for the February 2021 financial year from Numis the stock trades on a price-to-earnings ratio of 66.7 times at the current...