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Dunelm - I want a 5% yield, not a 5 year share price low

By Chris Bailey | Wednesday 30 August 2017

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 trying to remember the last time I visited a Dunelm (DNLM) store - to be honest I have much better things to be doing at the weekend than wandering around a home furnishing retailer. On a quiet RNS day, the news that John Browett, the company's CEO for the last couple of years, had resigned with immediate effect for personal reasons stood out. I do not know why John resigned but I wish him the best...and this brings us to the observation that the company itself makes that 'the next phase of growth requires different leadership' (which it will announce in due course - the Chairman is taking charge for the time being).

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