KGN Charts, page-431

Just something to think about. Amazon is building another warehouse in Brisbane. Shops are opening back up. Be careful, guys.

Kogan (ASX:KGN)

Matt Williams (Sell): It's a sell. It's had a great COVID bounce, no doubt about it, but look, the shops, the rest of the shops, its competitors, starting to open back. At 40 times earnings after the bounce it's had, not for me.

Matthew Kidman: Strange, wasn't it? The management couldn't wait to sell their stock last year and now it's at a record high. Buy, hold, or sell, Catherine?

Catherine Allfrey (Sell): It's a sell for us as well and don't get on the mail list. It's insidious. Every type of product, they're out there to sell. No offence to them, they've done a great job through COVID, but like Matt says, at 35-40 times, it's very expensive for the growth outlook.