RE: Buy- Hold - Sell28 Feb 2021 14:11
A balanced view might cheer some of you up. Yes - poor management, long term decline in SP and profitability. But - many prefer impulse card and frippery buying to internet rip off pigs from the moon, school kids / parties / birthdays / balloons / banners and bunting will return, CF will benefit from Chancellor give aways for the High St, new CEO should increase distribution channels and online while reducing less profitable stores, CF has high profit margins and benefits from stronger £. If you're gonna go on and on and on about the downsides, it's probably a good idea to point out some of the good sides. SP after any (hopefully sensible) refinancing looks set to rise and a doubling or trebling of MV net of the relatively modest debt is more likely than possible.