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Morrisons – reiteration now and a surprise to follow?

By Chris Bailey | Thursday 11 September 2014


Disclosure: I own shares in one or more of the stocks mentioned. 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.


It would be fair to say an interim results statement from Morrisons (MRW) that reiterated their profit range and debt reduction hopes for the current financial year was not a consensus view amongst the (to quote a Chancellor of the Exchequer of yesteryear) ‘teenage scribblers’ that populate the professional analytical ranks of the City’s investment firms.  Still, sentiment towards the company feels as low as it was when I first wrote on the stock a couple of months ago.  The shares are certainly still kicking around the 170s. 


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