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Globo – This article begs some incredibly tough questions

By Tom Winnifrith | Saturday 25 July 2015


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I am a long term and unapologetic bear of Globo (GBO) because the valuation just does not stack up. At 46p the market cap is £157 million. I cannot see free operating cashflow this year topping £10 million. I am not saying that this is a Norfolk just that the shares discount an awful lot of good news. They are overvalued. And… 


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