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Supergroup PLC- potential value?

The Dublin Whale · 2012-06-06 23:04:05

I see supergroup is down 5.5% today and now trading at 6 times earnings. Anyone know why they had a big drop today? I can't see any news. I've been following this stock since it plummetted 50% in value because of a minor accounting error and slightly reduced outlook for the year. Seems good value to me. Every second person…

06-06-2012 11:04pm

#1

The Dublin Whale

Closed Accounts Posts: 52 ✭✭

Join Date: May 2012

Posts: 44

I see supergroup is down 5.5% today and now trading at 6 times earnings. Anyone know why they had a big drop today? I can't see any news. I've been following this stock since it plummetted 50% in value because of a minor accounting error and slightly reduced outlook for the year. Seems good value to me. Every second person on the dart these days is wearing a superdry jacket, so on jacket sales alone I'm expecting a bumper quarter for them. Or is this reasoning too simplistic and there are serious issues with this company that I can't see? Thoughts anyone?

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Comments

#2 12-07-2012 6:31pm

The Dublin Whale

Closed Accounts Posts: 52 ✭✭

Join Date: May 2012

Posts: 44

Boom! Up 40% in a month.

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#3 12-07-2012 9:48pm

tommylimerick

Registered Users, Registered Users 2 Posts: 213 ✭✭

Join Date: July 2010

Posts: 195

did you buy them ?
are you up 40%

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#4 12-07-2012 10:28pm

The Dublin Whale

Closed Accounts Posts: 52 ✭✭

Join Date: May 2012

Posts: 44

Yeah when the price dropped to 270 I couldn't resist buying them. I sold today as I don't want to be in them long term, that sector is too unpredictable.

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#5 12-07-2012 10:34pm

tommylimerick

Registered Users, Registered Users 2 Posts: 213 ✭✭

Join Date: July 2010

Posts: 195

cool you made a big profit on them fair play
wish i had read your first post when you made it

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