By Robert Sutherland Smith | Friday 5 April 2013
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I can remember when William Morrison (MRW) was once the most fashionable share in the food retailing sector. Not only fashionable, but exotic too; an emergent hitherto unknown northern kind of retailer, that was culturally different; more direct and tougher than softer southern food retailers like the then Tesco and Sainsbury. In stock market terms it was a bit like one of the heroes from one of those gritty fifties novels set in the north like ‘This Sporting Life’ and the ‘Loneliness of the Long Distance Runner’.
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