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There's dignity in Dignity's announcement but nothing for stock pickers...

By Chris Bailey | Monday 11 May 2020

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.

You all know I have been bearish about funeral provider Dignity (DTY) for a long time, from my inaugural January 2018 posting as the shares fell from a teens quid share price here noting that the bottom of the page is not the bottom of the chart, to here back in March where, with the shares having a '3' in front of them, I switched to a 'popcorn' rating. Since then the shares have fallen further and now trade with a '2' in front of them. I should have continued listening to my own advice: the bottom of the page is most certainly not the bottom of the chart. I do have to give Dignity some credit with reference to today's update...

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