First, sorry for any grammar mistake, no native English.
ASO stock down almost 9% today
I open a small position of my portfolio in ASO few weeks ago (2%) around 6k, I am down 20%, I did my analysis and it seems strong and actually with a lot of potential, they have plenty of room in USA to grow and its revenue is according with its PE, profit margins seems ok, etc….
The only thing that I missed was visiting its stores and seeing if they were actually worth investing, but being European is difficult for me to travel overseas to just visit a shop.
Also, its website is not the best.
As I said ASO has lost 20% the last month and I am thinking to double my investment, but before it I would like to know if indeed I am missing something with this company and you guys could enlight me with you knowledge.
Anyways I have no plans of selling my current position.
Leave a Reply