StitchFix up 43% today so far. This is my current personal favourite share, I think its an amazing business that has the potential of being a massive disruptive play like a Netflix or an Uber or a Tesla....... only with much more of a solid business and genuine numbers behind it.
If anyone wants to give Paul Scott a nudge, I would love to get an opinion from him on it as an expert in this field.
Its also a very good service as well. For those of you not aware, it basically works like this.... you give them some details about your size and clothes preferences and then they send you a box of clothes that they think will fit you and that you will love. You can get a box on demand or at regular intervals, like once ever 2 months. You pay a £10 fee for each box they send you but they deduct that fee from the clothes if you decide to buy any of them. Anything you don't want, you just send back. Its only if you send it all back that you pay the £10 fee.
If you think about it, a business that can sell over 5 Billion USD of clothes to people "sight unseen" must be doing something right.
Below is a (affiliate) link to their website if you want to know more about it..
https://www.stitchfix.co.uk/in...
I have been averaging up on this share for the past 3 months or so after hearing an interview with the founder on the "Invest Like the Best" podcast which I recommend listening to as good background research.
cheers CT
