pwhoar the knickers are down again!7 Jul 2016 11:59
Poor old MKS....only managing to make about half a billion quid a year
in profits! I suppose the management must be doing quite a few things
right and nobody will be concentrating their thoughts on getting the
knickers to go back up than they are. We have to trust them to do
their best in what are difficult times for retailers.
Looking at the company from an investors stand point, it's has often
been 'the same old story' - the knickers come down, the doom-mongers
start to make us all think that the company is on the rocks and the
share price falls with the fear, then they buy them in the sales.
If you take the last 15 years say, the share price averages £3.50
to £4( rough estimate) with some burst to £5 or £6. They may fall to
£2.50 ish- who knows but when you consider the dividend yield of 5
0r 6% it may well be worth tucking a few of these knickers in the
draw to bring out on a sunny day.