RE: Bargain of the day?6 Nov 2020 08:55
The city dont like Moro's never have. Maybe it was something to do with old Ken Morrisons acerbic manor towards them ;-) but IMHO at this level its one of the safest shares to range trade, like Smart says its safe upside at these prices but pays a reliable divi if you end up holding. Also I always loved the fact they own so much of their real estate (another hark back to old Ken), put in place a decent delivery operation (admittedly later than others but IMO that let them cherry pick the best ways of doing things, some of the others operations were set up like scaled up versions of Granville on his delivery bike and haven't got much better) and have the wholesale deal with Amazon (always nice to have a partner like that in the background and who knows.....).