Games Workshop Market Watch November 2020
Watching stocks over the short-term is often an experiment in futility; on November 13th 2020 we looked back at the state of Games Workshop’s stock and financial health, and today we do the same…
November 2020 saw the world hold it’s breath as the sole superpower decided it’s next President and Covid surging everywhere, so you can imagine stocks were a bit up and down, with the big exception of the United States which saw all time highs. Generally though the the global markets responded well to an almost weekly positive vaccine news.
So as global events were unfolding how did Games Workshop react to more local developments like lockdown orders in the United Kingdom. Here is what November would tell us…
I know it is shocking, but for once Games Workshop stock numbers ended lower for a month.
Plugging November 2020 into the year to date numbers, we get this…
We still get a stock that is almost double where it was at the start of the year, but headwinds might be starting to show as supply chain and Covid could put a damper on the forecast, but as American as proven when times are tough just spend your way out of it, so the same remains to be seen on how Games Workshop will do to end the year.
November 2020 was a very slow investment news month with one wrinkle of news, as Games Workshop gave a first glance rosy outlook, but on deeper inspection has a fair bit of warning embedded.
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