Ocado has been bearing the brunt of ongoing lawsuits (against close competitor Autostore), lack of new client additions in the solutions business and a slowdown in the retail segment (especially at the top line). We believe the stock price has been bashed much more than warranted (it is trading at pre-pandemic levels). The business model is potent enough to clock growth in the lucrative warehousing automation domain and the recent sales slowdown in retail segment is also not a structural issue.
30 Mar 2022
Ocado at the inflection point!
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Ocado at the inflection point!
Ocado Group PLC (OCDO:LON) | 353 -32.5 (-2.5%) | Mkt Cap: 2,931m
- Published:
30 Mar 2022 -
Author:
Nishant Choudhary -
Pages:
3
Ocado has been bearing the brunt of ongoing lawsuits (against close competitor Autostore), lack of new client additions in the solutions business and a slowdown in the retail segment (especially at the top line). We believe the stock price has been bashed much more than warranted (it is trading at pre-pandemic levels). The business model is potent enough to clock growth in the lucrative warehousing automation domain and the recent sales slowdown in retail segment is also not a structural issue.