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OCDGF - Ocado: Results Demonstrate The Fundamental Problem In Its Business Model
Ocado Group Plc
Ocado's results showed excellent revenue growth.
But the growth comes with high capex costs, initially at least, and new mini warehouses are likely to add to that problem while reducing efficiency to boot.
The capital-intensive business model makes the shares less attractive than the business model and I continue to see them as overvalued.