date:Jan 03, 2014
going out of business and was heavily shorted.
This was because the company suffered from a large debt load, had minuscule cash flow and declining growth prospects.
However, shares in Ocado, which has yet to make an annual profit, surged on optimism that the company will be able to strike more deals like its 25-year accord with Morrison, which potentially puts a higher value on its Web and logistics technology than the retail business. Under the deal, Ocado will help Morrison to make a belate