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Buy Marks & Spencer: Gap Fill Failure Buy Signal Targets 440p

By Zak Mir | Saturday 20 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 am surprised that I have not been approached by private equity groups to launch a takeover of M&S at say no more than 600p a share to split up Middle England’s favourite retailer into a standalone grocer and a standalone fashion retailer. I am thinking a new Waitrose and a new Next (NXT). Presumably after this article on ShareProphets, Blackrock, CVC et al will be beating a path to my door.


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