By Steve Moore | Thursday 11 December 2014
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.
Online grocer Ocado (OCDO) has updated on the final 16 weeks of its year to 30th November 2014, including commenting that it is “pleased with the continued steady growth in our business against the backdrop of a more competitive grocery market”. Is this though enough to help justify the current more than £2 billion market cap? – with the shares, although down from more than 600p earlier this year, having recovered to a current approaching 350p after falling towards 220p in October.
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