Company: Morrisons Supermarket
Business: A British supermarket chain. They are currently running around 500 stores. Their concept is craftsmanship and fresh food. Almost all of the fresh food that they are selling are being sourced and processed in their own factories.
Active: Only in the UK and are currently trying to push their way into the London area.
P/E: 8.7
Conclusion: Graham says yes and so do I. Here is another cheap valued British supermarket chain that are paying a nice dividend and that have had a very nice growth in the last couple of years. The company will be added to my Stocks of Interest list with the next update.
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5 comments:
Hello!
I was wondering which stockbrooker you buy your stocks from?
I'm using Avanza and I don't have access to the English stock market.
Nice analyst btw. :)
I use Deutsche Banks stockbroker called maxblue. I am not fully happy with them and I should probably change but as of yet i have bought all my stocks on the frankfurt stock exchange so also foreign stocks are just swapping hands from one German to the next.
If avanza can trade cheap in Germany/frankfurt then maybe you can try to buy other non german stocks there also just like i have been doing.
Im using Nordnet (sweden), but iam going to open an account at Interactive Brokers.
Interactive Brokers are very cheap
I did not find that they look cheap at all. Seemed to be hidden fees such as minimum trading for 10 USD per month. I hardly even make one deal per month and they would then definitely become more expensive for me. I also did not like that they seem to charge based on shares bought... My feeling was that they were more suitable for day traders than value investors but on the other hand I have no clue how much the other US brokers charge so in comparison they can still be the best out there.
I thought Avanza and Nordnet had pretty ok deals for the US.
Concering Morrisons Supermarket there was just now an interesting publication from one of my blog neighbours at Financial Orbit and the article can be read here.
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