RE: Summers here. Cycle to work. Cycle to get out of house4 Apr 2020 11:51
Hello EC, while I am not as bullish on Halfords as you are, its nice to read a bit more sustenance and explanation in your posts. Unless we see the books at Halfords we are not going to know how well things are going. As an investor it is encouraging to know that other people like you are see more upside here. Have you considered that they might be out of stock due to supply issues? or unable to commission bikes? or any raft of negative reasons?
Last week Shell went up 10%, I suspect the insurance sector will go up next week as there is talk of dividends being safe, so regardless of how well Halfords are doing, I think money could be working harder else where. This also reflects the low current share price. Just look at RBS, which where about £2.30 before CV19, and are now about to go sub £1, as they are not offering a return this year, but a truck load of risk. These companies are now not great propositions, given other stocks are recovering.