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.
After its listing at the start of March, how do I feel about Virgin Wines (VINO)? As I discussed back in February HERE, I was not impressed observing that ‘many market investors today are highly excited by online retailers and hence a bunch of new IPOs are on the runway on big multiples of earnings or sales’. So having had an opportunity to listen to the company’s presentation, have I changed my mind?
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