Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
It was three months ago or so when I last mused on these pages about Dixons Carphone (DC.) shares. Back then I concluded that 'they are probably still cheap (single digit earnings, 5%+ dividend yield) but I would understand if you think you will get more of a bargain in one of its stores on Boxing Day...'. Well I did not buy the shares (although I did get a great value coffee machine from one of its stores which - for what it is worth - has completely revolutionised my cup of Guatemala's finest). Anyhow today's announcement - as one of my Twitter correspondents noted - would be headline grabbing stuff at any other time…
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