Ocado Group PLC investors are still riding their luck, despite rising profits

Ocado Group PLC investors are still riding their luck, despite rising profits
Ocado delivery van

An Ocado delivery van (source: Wikimedia / Waggers)

Ocado Group PLC (LON:OCDO) published its half-yearly results today. As a long-standing bear on the stock, I made a profitable short bet on the stock earlier this year and continue to expect the firm’s market cap to decline, albeit more slowly.

Today’s results did nothing to change my view, and confirm in my mind that its valuation remains completely bonkers.

In a new article for the Motley Fool, I explain why, in more detail, and highlight several figures from today’s results that suggest Ocado’s core problems — scale, distribution costs and profitabilty — remain dominant.

Click here to read my Ocado article on the Motley Fool’s website.

Disclaimer: This article is provided for information only and is not intended as investment advice. The author may own shares in the companies mentioned in the article. Do your own research or seek qualified professional advice before making any purchase decisions.