Cake Box: A tasty UK stock market pick?
With UK investors still reeling from the catastrophe at Patisserie Valerie, Cake Box could provide a simple, sweet detox for your portfolio.
AIM-traded cake makers have not made for happy investments in recent months. But the woes of Patisserie Valerie (AIM: CAKE) shouldn’t necessarily deter investors from the entire sector. In June, Cake Box (AIM: CBOX) joined its, now suspended, peer on AIM and its share price has risen over two-thirds since then. The first set of financial results from this healthier cake company (both in terms of its financial position and cake making abilities – no eggs are used in Cake Box’s products) helped to justify its strong start to life as a public company. Sales for the six months ending…