Marks and Spencer: A Riskier Turnaround Bet [Seeking Alpha]
MARKS & SPENCER GRP S/ADR (MAKSY)
NASDAQ:AMEX Investor Relations:
markspizzeria.com
Company Research
Source: Seeking Alpha
The issue, however, is that market expectations are also a lot higher. I won't be chasing the stock anytime soon. The UK's leading clothing and food retailer, Marks and Spencer ( OTCQX:MAKSY ), may have finally hit the right note in its latest turnaround effort. The company's latest trading update only reinforced the bull case, highlighting outperformance across both its key UK segments ('food' and 'clothing & home'). While I don't doubt there is traction here, I would be very cautious about underwriting the sustainability of M&S' current momentum. After all, the retailer has benefited from easier YoY comparisons over the last fiscal year. This coming year, in contrast, will see a tougher base effect and potentially more input cost inflation - not only from labor but also from a supply chain under pressure from geopolitical disruptions. Whether M&S has either the pricing power or efficiency and cost levers to offset these pressures remains to be seen. Perhaps the biggest issu
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News
- Marks and Spencer site occupancy options explored [Yahoo! Finance]Yahoo! Finance
- Peterborough store selling solely local products looks to expand [Yahoo! Finance]Yahoo! Finance
- London stocks rebound as fears of wider Middle East conflict ebb [Reuters]Reuters
- Are Investors Undervaluing Marks and Spencer Group plc (LON:MKS) By 39%? [Yahoo! Finance]Yahoo! Finance
- Traders' plan for alternative market for town [Yahoo! Finance]Yahoo! Finance