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ASOS - would Benjamin Graham buy now? No!

By Steve Moore | Monday 24 March 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shares in online retailer of 'fast fashion' targeted at 20-somethings, ASOS plc (ASC) are continuing to slide following an update from the company last week which reported 26% sales growth in the two months ended 28th February compared to the corresponding 2013 period. With the shares currently at 5150p, having reached more than 7000p last month and closed at more than 6300p the day before last week’s update, is there now some value here or is the share price reaction justified for a growth investment which has faltered?



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