Seeking Alpha

Nathan Brooks

 
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PRO Top Ideas
Top Ideas are high-conviction long or short ideas focused on market mispricings with asymmetric risk/reward profiles.
  • There's Plenty Of Downside Left For Ocado
       • Tue, Jun. 10 OCDGF 3 Comments

    Summary

    • Intensifying competition in the supermarket sector will hurt Ocado's margins.
    • Valuation much higher than sector averages and high even compared to Amazon when analyzed properly.
    • Ocado will need fresh capital soon, which may provide an additional catalyst for further downside.