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.
My views on Halfords (HFD), the 'retailer of car parts, car enhancement, tools, camping and touring equipment and bicycles', have evolved over the last year or so. I started off overtly bearish, though last time - back in mid-January - I concluded that I needed to do a site visit after observing that I was quite impressed by the progress and implied customer affinity exhibited by key divisions including cycling and the autocentres. Today's update kicks this on a stage further...
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