By Steve Moore | Friday 1 October 2021
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.
Previously writing on online electricals retailer AO World (AO.), in April with the shares at 323p I wrote a lockdown winner… but now to be a share price loser?, concluding with also demand concerns as lockdown measures are eased and economic realities start to bite, at anywhere around the current valuation I’d still sell. The shares last closed at 217.4p and today a “Trading Statement” – and the shares currently more than 20% further lower!