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W H Smith - 7% yield + modest capital appreciation = 25% within a year

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adebola - Mon, 29 Dec 03 :


Ydderf,

You are intitled to your opinion. You think that going
against the tide of opinion is how to beat the market. I take your point that
this does and can happen. WHS though in my opinion will not be on the turn for some time. You state they offer value? Maybe! but not at this level. I still see
£2 maybe lower before it will be worth a look. You cannot tell me that yet another profit warning wont cause a sell off. There is only so much bad news the market will tolerate. The sharks "Weakness"? May have no teeth?.


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