IMHO Metro is a very risky investment. Ex-Private Equity ownership from a previous recessionary collapse. Value inflated as economic conditions improve (then sold to the public) and a few cyclical factors helping but valuation across the cycle way too high...
In saying all that the market in general is not awash with good value opportunities - time to be defensive for mine and only hold a few high quality companies with the balance in cash deposits awaiting better value


Quote Originally Posted by percy View Post
And to think I thought you only invested in out performers?
Industry constraints.
Challenges ahead.
Commentary "a bit" bearish.
I think the market is correct.