anything under 7 cheap cheap cheap. good div. just paid. chart looks sick

http://www.moneyam.com/action/news/showArticle?id=3502237

Leading retail analyst Nick Bubb of Pali International says industry sources indicate Marks & Spencer 'had an appalling week last week,with sales as much as 20-25% down on last year in some stores'.
Reiterating his 'sell' recommendation, Bubb says that consumers were 'clearly unimpressed by the modest promotions they had to offer last week and waiting for them to go on full sale again'.
He concludes, 'M&S should survive the downturn, but investors have to appreciate that we have not yet got to the bottom of the alarming earnings and dividend decline it will suffer over the next two years to get there.'
The dividend is 'just about' safe for this year with cover of 1.2x, says Bubb, but wont be covered next year and is certain to be cut

This is how M&S treat their staff!

"corporate bullying of M&S employees"

http://www.dailymail.co.uk/news/article-1094934/Husband-died-told-wifes-M-S-sacking-staff-discount-card-row.html

Husband died after being told of wife's M&S sacking over staff discount card row

A man died from a heart attack after learning his wife had been sacked by Marks & Spencer in a row over alleged misuse of her discount card, it emerged today.
Nery Clarks 39-year-old husband Stuart died when she told him she had been dismissed without notice after trying to buy groceries with the card.
The retail giant, which employed Mrs Clark at its Kensington High Street branch in central London for 13 years, was accused of corporate bullying by her union.

The GMB, which plans to fight the mother-of-fours case at an employment tribunal, said Mrs Clark had been off sick when rules on discount cards changed.
A spokesman said: M&S presented no evidence of previous incidents and discounted her evidence that she did not understand there had been a change in the rules.
The discount would have been less than 5. When she told her husband she had been fired, he was so distressed he had a heart attack and died. M&S upheld the dismissal on appeal.
Mrs Clark, 38, said: 'I was devastated by Marks and Spencers decision, after working for them for 13 years unblemished service. A management coach gave me the coupon and told me I could use it.'

An M&S spokeswoman said: Following a thorough investigation, we reluctantly had to make the decision to dismiss an employee from the Kensington High Street store for deliberate abuse of her staff discount card.
This was despite the fact that she had been told not to use it in that way.
The GMB linked the sacking with that of Tony Goode, who had leaked details of an M&S plan to cut back on redundancy payments.
The result of an appeal is awaited.
The union has lodged a claim for unfair dismissal.
Maria Ludkin, GMB legal officer, added: The case of Nery Clark shows how far M&S has moved from being a caring employer.
The GMB is investigating ways to establish the extent of corporate bullying of M&S employees.

Very tempted to cover part of my short at 215 - but sitting on my hands for the time being. I believe this has a lot further to fall, and my targets are around 10p lower.

Shame on M&S for bullying their own staffs.

Covered part at 210.

Which was nice.

can see why you did that, but i think no serious support until 200 ...... below that, and it's anyone's game

Maybe I should have waited a little longer - looking to cover the bulk of the position around 202 - 205. In the meantime I've been covering part and reopening higher for the past few weeks - and its nice to bank a bit every now and again.

no one ever went broke taking a profit

................ amd so many are going broke by not implementing stop-losses, cynic, let alone taking profits.

Naturally it's someone else's fault. ;-))

אַ פֿרײליכע ניטל און אַ גוטער נײַער יאָר to you two :)


Ooops in case you're a bit rusty - that's a freylikhe nitl un a guter nayer yor ;)
Oh - and a merry everything to you BigA :)

die zweier spricht mamaloschen?

Y'know - I could swear that stuff looks upside down and back to front - it's gluecklich summat or other, which is good enough for this mama :)

it's certainly back to front ... it's pretty much german transliterated into biblical letters.

You been dwinkin' again, ma wee Bourneville?

Sunday Times
Marks & Spencer is expected to reveal that sales of general merchandise, excluding food, have tumbled by about 6%-8% during Q3

Observer
Marks & Spencer is this week expected to report its worst Christmas sales figures since Sir Stuart Rose took the helm

Sunday Mail
M&S is set to pay dearly for one-day sales

and i am short, so no more than anticipated .... M&S lost its way some time back

;-)

with an unexpected jump in MKS sp this morning have increased short ...... now have sufficient to make it feasible/worthwhile to trade some and hold balance if i so choose

Also added 230.75

Just joined at 236