Gamble of the week: This fashion retailer isn't cheap - but it is worth it

Paying too much for a share is a good way to lose money, says Phil Oakley. But this fashion house could be an exception.

Founded back in 1987, selling shirts in Glasgow, this fashion stock has proven itself to be a very good business. To say it is a gamble might imply that it is a risky business. But it isn't really, or at least no more than most international retailers.

What has made it a bit risky for investors is that its share price has been a bit frothy paying too much for a share can often be a very good way to lose money. It's also quite an illiquid share which means its price can move quite sharply, even when very few shares are traded.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.