theresearcher
- 23 Nov 2003 11:46
This weeks issue has a full page on marks and spencers and rates them a buy @283p.
As the price on friday was only 270p and the yield over 4% plus the fact they are on the lowest P.E of any FTSE 100 retailer they are an interesting speculative purchase as the roll out of new food and furniture stores and an increasing profit margin plus share buy backs should mean any further downside is limited.
JRM
- 24 Nov 2003 13:17
- 2 of 2
I missed the article, but I'll read it when I get home. I love the company. They're turning the corner at their own speed and that takes guts!
The experts they're bringing in are also spot on!
I want to buy some more.
The dividend can also be reinvested which in my mind helps us recover from the mugging, sorry enforced share buy back!