I though I would have a look at Metro, its a global retailer and fits my thinking about what people have to buy during recessionary times. The group suffer from being in Europe and has fallen to prices that match the major downturn in 2008/9. I think its fallen too far as it pays about 5% dividends and has reestablished global growth in the last year. The chart below shows how its fared in relation to its peers. Of course the DOW and Walmart show how it should be done, but bearing in mind its in Europe then its situation is comparable to Tesco and Carrefour which I recommend. Its worth noting that back in 2011 it was tracking closely to Walmart, as in fact all oif them were and rightly so as global giants. The chart really shows how badly these companies have been affected by the EU problems. Unfairly I think as all of them have great GLOBAL growth. I think its a buy stock.
No comments:
Post a Comment
Please leave me any comments. I look forward to replying.