with inflation hitting harder than expected around the world and petrol going sky high these are not really defensive and you see the likes of MR B stocked up on cash.
one dollar 10 if real weakness comes into the market.
This was only a speculative stock buy not something you could look at the balance sheet and say this is technology going to replace everything old.
in fact the speculative stocks where orders will be flowing in are defence stocks.
Since most of the increase in profits or getting back to profit comes from canada the fortunes of the company might be more closely tied to how happy they are with ICE hockey teams..
looking for sub 1.20 here . 1.10 a re entry point.
inflation stifling all the retail stocks at the moment.
Will be interesting to see what happens this cycle. Inflation is generally ok for retailers (they increase operating leverage as they increase prices faster than other operating costs like lease, utilities and wage costs can rise), but in combination with the Covid impacted high shipping costs thst advantage may be muted.
retail property holders Kiwi & Stride will be salivating at the prospect of being able to increase rents faster than expected - and still potentially be a falling percentage of their tenants turnover.
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Originally Posted by Waltzing
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