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BHHOF - boohoo Is Very Oversold - Buy For The Recovery
boohoo group
Boohoo group is an online retailer of fast fashion under a number of different brand names. It's been growing fast and has captured the interest and the pocketbooks of a significant portion of the UK's young spenders.
So far so good.
There was a Sunday Times investigation into the supply chain that turned up allegations of modern slavery. This has led to the stock price tanking. My argument is that this is very overdone and that the shares will recover.