5 Comments
Nov 26, 2022Liked by Johan Lunau

Nice article. I'd imagine the thing that is scaring the market. Here is the huge drop in YoY revenue. But this seems like a compelling GARP pick if we think that we are experiencing some COVID pull forward and growth is going to resume.

As someone not from the UK, I'm interested in if you have any context on the culture around card giving in the UK? As a US resident I'm surprised to hear that the overall card market is expected to grow.

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Nov 25, 2022Liked by Johan Lunau

Some obvious yet overlooked observations made on how retention in the greeting gifts business is underpinned by the natural driver of reoccurring dates—and of course… Data! Arguably already a household name, still, Moonpig may style growth stock pickers. But first, they’ll have to be sure the online push doesn’t underwhelm!

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