This Was the Only New Stock I Bought in August
Farfetch Limited (NYSE: FTCH) may not be well-known to U.S. investors, since the company is based in London and run by a visionary founder-CEO from Portugal. However, there's a lot to like about this e-commerce platform, which appears to be consolidating the online market for global luxury goods.
Last month, Farfetch made a transformative deal that may be underappreciated by the market. Against the backdrop of a 70% fall in its share price this year, this beaten-down tech stock could be a big opportunity. That's why it was the only new stock to make it into my portfolio last month.
Farfetch was founded and run by José Neves, a Portuguese owner-operator now based in London. Neves has a unique combination of skills: mastery of both software engineering and the unique quirks of the global luxury-goods industry.
Source Fool.com
