Published by Digital Look on 31st January 2016
(ShareCast News) - Sell shares in Ocado, said the Sunday Times' Inside the City column, as it has failed to deliver its long-promised deal to license out its online grocery technology to an overseas supermarket. Of course such a deal could still appear and help stop the shares' decline. However, it would require more than one in the long-run as, after falling to 264.1p on Friday, Ocado is trading at around 19 times earnings, considerably more than double the grocery sector average.