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home / news releases / OCDDY - Ocado: The Financial Results Do Not Support Current Valuation Multiples

OCDDY - Ocado: The Financial Results Do Not Support Current Valuation Multiples

Ocado Group Plc Hatfield ADR
  • Many countries recently reimposed lockdowns, which looks like a positive to companies like Ocado.
  • Ocado Group is expanding internationally but its financials do not paint a very bright picture.
  • Since the food delivery sector is growing fast, investors are enthusiastic about Ocado's stock. That is why it is so expensive right now.
  • I would refrain from buying Ocado shares.

For further details see:

Ocado: The Financial Results Do Not Support Current Valuation Multiples
Stock Information
Company Name: Ocado Group Plc Hatfield ADR
Stock Symbol: OCDDY
Market: OTC
Website: ocadogroup.com
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