This is what Mryesyes has to say about that "dog" M&S!!
he has another agenda - a true contrarian if ever their was one.
My view is he deliberately talk plausable bollox coz he thinks the market will be moved by what he says!
mryesyes - 29 Dec'05 - 15:31 - 804 of 812
There is something about this share certainly that is not properly disclosed.
It has now doubled in value in recent memory; and is above its cash price in its heyday when it made the huge profits that the media reminised about.........but suddenly all that "old timer" image is gone, earily all the brokers say buy it, buy it that last year ignored or said sell or short term hold. A lot of clever people lost short selling.
However an employee got me to hold on to them with a knowing look, citing the autumn ranges. However there are no more people in the stores, and even the most recent results are a quiver rather than a recovery.
To be frank the director buying and the all-too-friendly broker upgrades do make me feel that this is a psycholigical game....make believe it is reborn and then if people believe it is cool trendy and successful it will be; those who talk of a buyer at £7 better say who cos M&S still has a grotestque staff & pension burden and is still poorly adapted.....but it is opening Sunday!!
Coach stock quotes
Coach stock charts
Follow this thread
