https://www.investopedia.com/terms/c...merstaples.asp I have to buy fuel today or tomorrow whether I make money in the market today or continue to get a hiding, just like Mrs B has to go shopping for food and we have to pay our electricity, telephone, internet and rates bills whether we want to or not. Currently less than 1% of the national fleet is an EV and the speed of uptake is best described as extremely slow in my opinion.
The issue for ZEL is not whether what they sell is a consumer staple, there is no question it is, its about their very poor marketing, lack of investment in their sites, price gouging and the ever increasing number of unmanned sites that are being built by their competitors around the country. Jet will be very slow to come back in my opinion and Marsden Point is an unmitigated train wreck.
Fuel will be sold for decades to come, its about whether ZEL can adapt their business model for the gradually changing conditions. Under Bennett's "leadership" my bet is they will always be behind the eight ball and his lack of leadership or vision makes this ostensibly uninvestable in my opinion.
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