Changes in valuation are a double-edged sword

Understanding the risks and opportunities that a company’s valuation might show is a crucial part of an investor’s toolkit.

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Phil looks at how investors can learn from changes in a company’s valuation over time.

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Naked Wines:Attractively valued if growth gets back on track

Naked Wines has a compelling business model to exploit the growth in online wine sales. Its shares look attractive if growth gets back on track.

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