SBRY still a great share for a long term hold. At these prices, they are a snip although possibly not quite at the bottom. But very few of us guess it exactly right. Sold half my PFD shares today outside of my ISA for a modest profit. Hoping SBRY still down at this level on settlement day as this will be going straight into my ISA as SBRY shares .Fantastic div yield at these prices, assuming of course div is maintained going forward.
I've had a look at Short Tracker and noted that SBRY is the 4th most shorted share. But why? I read a comment somewhere about SBRY being more exposed to a downturn because non-food items are a larger proportion of its sales than the other supermarkets. Contrarily I view that as a positive not a negative. While SBRY is down today by almost 3% I note that TSCO is down almost 7% - are we all expected to be eating less post-Brexit?
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