One of the largest online retailers in the world, London-based ASOS was started in 2000 and stands for AsSeenOnScreen. Most the company’s logistical operations take place in the United Kingdom, despite offering its products to over 200 countries from around the world. ASOS is the largest independent... Show More
𝐇𝐢𝐠𝐡𝐞𝐬𝐭 𝐩𝐫𝐨𝐝𝐮𝐜𝐞𝐫 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐩𝐚𝐬𝐭 𝟒𝟎 𝐲𝐞𝐚𝐫𝐬
"Factory gate prices of goods produced by the UK manufacturers jumped 15.7 percent YoY in May of 2022, beating market expectations of 14.7 percent, pointing to the highest producer inflation in the... Show More Translate
🚨 BUY ALERT 🚨
💠 I don’t make many purchases but today marked the first buy for the portfolio in months and only the 4th purchase of the year.
💠 Friday saw $ASC.L (ASOS PLC) drop in value by around 33% due to lower profit guidance for the year and the company beginning to feel the pinch of inflationary... Show More
Long term 💯
I plan on holding hopefully for the next 5 years. Sales are still growing, America is a huge market that they are growing well in and they are increasing capacity to increase sales further.
Short term price 🤷♂️
Short term inflationary pressures may continue to hinder them however they... Show More