Opinions
Jim Cramer - Mad Money
Farfetch
FTCH-N
DON'T BUY
Feb 03, 2023
$6.980
Stock price when the opinion was issued
clothing
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A UK online luxury clothier with only 21% of sales from the US. They sell a few brands from their platform, and have a stake in a company that is an online luxury retailer boasting super-fast delivery--a great company. Problem is FTCH is losing a ton of money and lacks a path to profits. New growth is impressive though. Only 2021 was profitable in terms of EBITDA (during Covid lockdowns). Shares have plunged since then and they recently offered disappointing long-term guidance. Share sank 35% in one day. It has recovered to some degree, though.