Dec 23, 2019
Ocado: the self-preservation society
The automated warehouses it created to help it compete with incumbents could be sold to them instead. Ocado shares have tripled over two years. A month ago, a deal with Aeon gave Ocado a foothold in Japan. Ocado does not represent a good call, but a bad one we reversed out of. Upfront investments from Ocado appear perplexingly high. Ocado delivers food a lot more promptly than cash returns.
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