RE: Debenhams Revisited ?6 Apr 2024 05:58
I find it odd for someone to say that you will never get rich buying shares in “well known” companies , when using there own example of Tesla, if you had bought in 2020 and even with the recent large dip in the SP, you would still be around 400% up!…let’s compare that to MARS, where you would now be around 50% down for the same period, with a mountain of debt not being repaid and pubs and drinking going out of fashion big time, especially by the younger generation of today. AGM’s I find do offer very good Lip service and I have heard CEO’s lie through their teeth on other shares saying “all is going well, although we are suffering some “ macroeconomic headwinds” (is a favourite line to “deflect the real truth) ,I’m sure you have all heard this spiel before) only for months or a year later you start to learn the real truth and the debt is not being repaid and the company really starts to suffer. I truly believed MARS could turn things around, but after recent updates by other large pub chains, I have changed my sentiment and for the life of me cannot see how this company is going to “come good” without a MAJOR Change in fortunes….and if JDW and others can’t currently make it work with little debt and run very efficiently, then. Sadly MARS have little chance of turning things around dramatically and paying off some of the mountain of debt they carry, whilst also needing to report large increases in profits to allow this to happen…I somehow now don't think so Pedro!