08 January 2015

No sympathy

The Guardian takes a hard line with those of us seduced into investing in Boohoo:
No tears should be shed for investors in boohoo.com: an instant halving of the share price is what can happen when you buy shares in online fashion wannabes at sky-high valuations. The reasons given for Wednesday’sprofit warning were mundane: autumn was mild and competitors were active. In other words, online clothes retailers suffer the same pressures as their high-street brethren. This should not be a surprise.
Well, it seemed a good idea at the time.  I'll survive,  Win some, lose some.,,


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