RE: IMHO the high street survivors. Chemists, Halfords,20 Mar 2020 15:07
Few ops from my recent exp:
1/ My MOT/Tyres were changing next month, I got it done now. My thinking was that I want my Car to be ready if I want to leave the house in case of any emergency (going to hospital if I develop symptoms etc.)
2/ I tried booking a MOT and found all garages to be super busy - looks like everyone else is thinking on the same lines
3/ finally got an appointment. Spoke with the garage owner about business, he said that he had never been so busy
4/ even if things go into total lockdown, when lockdown is over, all cars will need TLC
5/ smaller garages will go belly up - if HFD survives then there is a good chance it will benefit for lower competition
so the question we need to ask is - will they survive if they do not have any revenues for 3 months.
Disclaimer - I own shares in HFD