Bulls vs. Bears: Who's Right About Farfetch's Future?
Farfetch (NYSE: FTCH) has burned many investors since its IPO last September. The London-based luxury e-tailer went public at $20 per share, but it was subsequently cut in half as concerns about its slowing growth and widening losses piled up.
Farfetch's second-quarter earnings report, released on Aug. 8, featured another loss, a big acquisition, a decision to limit promotional activity, and a mediocre outlook. It also caused the stock to plunge more than 40% in a single day.
Are the bears right about Farfetch's future? Or is there room for the bulls to make a comeback?
Source Fool.com
