Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The share price of Sainsbury’s (SBRY) has shot up today. The stock has risen 6.4% to reach 263.2p. It’s a personal relief to me- my first article on this site was on Sainsbury’s and I have invested quite a bit of money in the shares. It’s interesting to note that despite this rise the PE is still 6.56 and the yield is 6.56% too. The share is trading at around or even below its net asset value.
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