Asos Stock Update (ASC.L) - Still CHEAP?
Asos Stock (ASC.L / ASOMY) is down over 70% in a single year - something we may be used to seeing for high growth, unprofitable businesses, but not for businesses that have a track record of consistently growing their revenues and profits. In this video, I discuss their latest earnings report to see what's going on with the company, and to see whether it's still a stock with significant upside potential.
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0:00 - Has my opinion changed?
0:56 - What's happened to the stock?
1:40 - Revenue growth
4:33 - Gross margins and pricing power
7:48 - Operating margins
9:52 - Outlook and guidance going forward
12:57 - Balance sheet to weather the storm
13:56 - Addressing viewer concerns
16:48 - Updated valuation model
#Asos #Stocks #Investing