By Tom Winnifrith, The Sheriff of AIM | Sunday 31 May 2020
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.
In yesterday's bearcast I discussed why Boohoo (BOO) did not move from the AIM casino to the main market. Some interpret this as me saying the shares are a buy. Au contraire on a PE of 60 the risk reward trade off looks dreadful. Yesterday i recorded a video with Boohoo's greatest critic Matt Earl and that should go live within 24 hours and that will, I suspect, raise many more questions that bulls cannot answer. Now the Sunday Telegraph brings news of US legal action and I publish the Ciurt filings in full below. Ouch!
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