By Tom Winnifrith | Wednesday 19 January 2022
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.
Given the pointless Plan B lockdown it is no great shock that JD Wetherspoon (JDW) will make a first half loss. But in spelling out just how bad things are, L4L sales down by 11.7% and total sales by 13.3% in the first 25 weeks of the year, heroic company founder Tim Martin has lashed out at the illogical policies of a hypocritical Government and at the hypocrisy and stupidity of fund manager Blackrock. The great man does not hold back and opines: