More reasons...to own Morrisons shares

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Loaky - Fri, 30 Dec 05 :

I get really fed up with all this negativity about MRW.Acquisition of Safeway was always going to be a major challenge but 2006 will see a different situation.All stores are now converted and they are cracking stores regardless of the "bags" issue.Still plenty to go at with the Supply chain.I would be very concerned if I could not see potential savings.They are still light on competent Executive Management they need to find a successor to Stott,who has been a good servant to Morrisons but the task is now too big for him.Dont underestimate Ken Morrison 18months ago he was a hero.His results meant that he could row his own boat in his own style.Mistakes were made with the takeover and he has not exactly endeared himself to the city but my guess is that he will survive ,they do'nt come any cannier than him.
Anyway sorry I am rambling it is usual this time of year to have a drink or two which I have done but the sentiments are still spot on as far as I am concerned and I personally would not dream of disposing of my 13000 shares,acquired over a number of years through different trading situations
So Happy new year to all interested parties and have faith!!


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