Adore IPO - ABY, page-11

I/we were told the same things during the dotcom boom....I will stick to traditional old fashion valuation methods like DCF and genuine peer multiples, and I am sorry but revenue multiples do not cut it.

I agree relative to Temple & Webster and Kogan Adore looks OK, but I don't believe those multiples are sustainable either!

Listen to one of the best retailers in the country - Adairs, who have a balance of on-line and physical stores, store will always be there, on-line simply does not give you the same instant gratification or visual/sensual experiences.

The cycling of COVID induced on-line revenue growth will be the true test of these businesses come March-October next year.

Good luck if you buy the IPO!