Naked Wines ($WINE) update – The Good, The Bad and the Ugly
Disclaimer: this s not investment advice. PLEASE DO YOUR OWN RESEARCH !!!
Naked Wines released their full earnings last week and the result was a full disaster with the share price down a whopping -43% despite the fact that the headline numbers were already known. It is a good reminder that even being down more than -60% from its top, a stock can still fall another -40% on one day. Although the stock was only a 2,9% position prior to that drop, it still warrants a deeper dive than usual.
The signs were already obvious
Before moving to the actual numbers and the report, I have to criticize myself for not acting on the stock despite the following issues that I had identified already some time ago: