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Boohoo blathers Bullshit

By Tom Winnifrith | Wednesday 8 July 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.


On Monday Boohoo (BOO) responded to weekend press reports that suppliers in Leicester were paying as little as £3 an hour to staff forced to work even if they had Covid and generally treated like shit with a denial. That did not wash and the shares tumbled. And so today, as I urged it to do at the weekend, it has announced an independent enquiry but I am afraid the statement is nonsensical bullshit and the shares continue to slide.

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