Business
Temple & Webster (ASX:TPW) share price can double in 3 years, says fundie // Motley Fool Australia
Online furniture retailer Temple & Webster Group Ltd (ASX: TPW) shares can double over the next 3 years, according to Regal Funds Management’s Todd Guyot.
The fund manager shared this opinion at the Sohn Hearts and Minds virtual investment conference hosted today. At the time of writing, the Temple & Webster share price has slipped in afternoon trade, dipping 0.8% to $10.02.
What did the fund manager say
Mr Guyot told the conference COVID-19 had accelerated Temple & Webster’s revenue growth this year by more than 74%. Strong growth also continued in the months after lockdown restrictions were lifted, with 160% sales increase in August, followed by a 100% increase in September. He said this demonstrated “the impact of repeat…
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