By Chris Bailey | Thursday 3 September 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.
About a year ago I wrote about buying the floorcoverings distribution name Headlam (HEAD) below four quid a share, even if ‘dancing with a company intimately linked with consumer spending and the property markets at this time of seemingly great uncertainty’ are still apparent. Well the call went well and the share topped out at just over five pounds either side of the turn of the year. However, chuck in a slug of Covid-19 and the resulting consumer caution and hello just sub three pounds a share today…
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