By Robert Sutherland Smith | Friday 11 April 2014
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.
The shares of Marks and Spencer (MKS), once the nation’s clothing retailer of choice and the very emblem of Britishness, saw its shares fall 3% to 442p, suggesting that the share price fall of 12% from last September’s peak of 520p had not quite discounted everything. It has now fallen 14.7% from that peak! Is this the time to abandon hope? Or has the fall gone far enough?
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