RE: Why the slide ?26 Jan 2022 09:56
I listened to the management briefing on the Q3 FY22 Trading Update. Peter Pritchard & the team were great. I particularly liked the nature of their answers to the questions afterwards. No guff and bluster, with management not on top of their figures and the reasons behind those figures, but the exact opposite. A team who could answer all questions with detailed logical answers. This is a well run business with clear, high quality strategic and tactical aims and importantly for retail, one that recognises the customer is king. Get it right for the customer and you have a good business.
I am just kicking myself that I did not break my own portfolio rules and extend my share holding in the last few days while the share price was so low and purchase more. The volatility over at the Nasdaq, for example the drop in the FTSE when the American markets opened yesterday(!), spooked me when I should have recognised what I see each time I go into town - the car park at Pets at Home is always busy.