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Greggs and Compass


paulm555

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Guest PandaFace

Saw a headline which made me laugh “Greggs shares do a bellyflop I’m cautious outlook”.

 

The primary reason for the fall seems to be more the OUTLOOK rather than the previous quarter. Sales were in fact up in thesefirst 18 months by almost 5% as were like for like. Granted not as much as the previous year but still not bad... doesn’t suggest a 15 pull back atthis stage if you ask me. 41 store opens vs 12 close as well seems fine.

 

The question for me lies in was this overvalued previously? If not, then this pull back is an opportunity to bid bid bid.

 

The primary issue I have is “will Greggs still grow when the whole of the world seems to be on a health binge at the moment?” I’m not so sure and I feel there is a better investment opportunity in other avenues.

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Guest PandaFace

I meant to add... as a short term trade I don’t see why not. 15% seems a large pull back given the fundamentals.

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