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Wm Morrison: we don't make that much money, honest Guv...

By Chris Bailey | Thursday 10 September 2020

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.

I shop reasonably frequently in my local Wm Morrison (MRW) store and generally I have a positive view, a perspective I have generally applied to the shares too. Last month, I concluded that the company was in a good position including its savvy hook-up with some small distribution partner called Amazon. Today’s interim results to 2nd August are headlined ‘responding and growing’ and these two attributes are absolutely at the core of any appraisal that needs to be done…

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