Ocado remains mired by its capacity constraints in the retail business. While the Q1 performance was unsurprising, the company is struggling to cope with the sudden spike in consumer demand due to the outbreak of COVID-19. We remain positive on the strength of the business model but one should wait for a better entry point in the stock.
23 Mar 2020
Standing still in turbulent times
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Standing still in turbulent times
Ocado Group PLC (OCDO:LON) | 349 -9.8 (-0.8%) | Mkt Cap: 2,893m
- Published:
23 Mar 2020 -
Author:
Nishant Choudhary -
Pages:
2
Ocado remains mired by its capacity constraints in the retail business. While the Q1 performance was unsurprising, the company is struggling to cope with the sudden spike in consumer demand due to the outbreak of COVID-19. We remain positive on the strength of the business model but one should wait for a better entry point in the stock.