I emailed the analyst who wrote the report with some questions. Here is his response.
I saw your updated price forecast on Friday though was wondering if your analysis has factored in any of the fallout from this ACCC probe? I have seen some articles mentioning the potential margin squeeze associated with the increased marketing spend and goods returns. There was no mention of this in your analysis. Do you consider this to be of any concern?
Response:
Not concerned at all. The negative press is being fuelled by hedge funds holding short positions, and the content of the articles is getting thinner and thinner. We expect the company to keep reporting strong growth and that will drive the share price rebound.
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