Debenhams has been left licking its wounds after a bloody first half and is facing an uphill battle to win back customers. Moreover, with costs likely to rise short-term, profitability is set to remain under pressure. It's therefore no surprise that the shares trade at a substantial discount to the sector average, on 11 times this year's earnings forecasts - that's unlikely to change any time soon. Hold.
On Mar 26, 2014Sunaina wrote:
Dear Ricky, if you loved these poems, you will love Pavi's other poems as well. :)