Naked Wines – CEO walks the plank after yet another lack of profits and cash warning: Told y’all
By Tom Winnifrith | Tuesday 7 November 2023
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.
You cannot say that we have not warned you time and time again about Naked Wines (WINE). The chickens are really now coming home to roost and sooner or later there has to be a “run on the bank” with customers ( the Angels) withdrawing the cash they deposit with Naked as prepayments on its booze. And that will be game over. For now the Fat Lady is not booking a gig just yet but Naked has to be on her watch list.
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