Marks & Spencer – you know what happens when there are no believers...
By Chris Bailey | Wednesday 6 November 2019
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.
You all know I am a Marks & Spencer (MKS) shareholder and - as I described here a couple of months ago - my basic view that the recent harsher and focused management style of Archie Norman and Steve Rowe has given the company the most viable future potential backdrop for a generation. I still think this despite being down on my two quid odd average in price and the recent resignation (or push out?) of the CFO, who I do not think was up to that sort of a job. Today's half-year update ('far reaching change - delivered at pace') is a classic interim statement…
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