By Steve Moore | Tuesday 23 November 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 electrical retailer AO World (AO.), at the start of last month with the shares at 170p I concluded hopefully my prior warnings were heeded and still a sell with the valuation still looking much too high even without the doubt that measures to help mitigate logistics challenges will be sufficient to enable more heavily weighted than usual second half profits. The shares last closed at 124p… and today half-year results and they currently back around 100p! So why is it again ‘A..O… Oh No!’?