Whilst Morgan Stanley recently increased their valuation from $2.60 to to $10 per share, which is at over 50x estimated FY 2021 earnings, others on here are saying it will get even higher to $12 per share, ShareClarity has a defensive valuation of $4.82 per share !!!
In my opinion the share price is overpriced for a bricks and mortar business that will have sales figures hit by the pandemic hitting Australia, especially Victoria which is still in lock down with stores and shopping centres deserted.
So I guess it's a case of do your research and make up your own mind...
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