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FTCH - Who Is Right About Farfetch: GQ or Wall Street?
Farfetch Limited Class A
It's interesting (and maybe profitable) to find the disconnect between what industry veterans think they know and what Wall Street says. Take Farfetch(NYSE: FTCH), for instance. When it announced that it was acquiring New Guards Group, Wall Street was very unhappy. The stock dropped 45%.
I'm seeing a different reaction in fashion media. GQ thinks the acquisition is amazing. So let's dig in and see why those in the fashion world loves the deal and Wall Street hates it.