I bought about £500 of Morrisons shares a few days ago on the hunch that they were undervalued and that there was too much fear in the market for their upcoming financial statements. They do have good management structure on giving a hefty portion of retained earnings to shareholders too.
Boy was I wrong. They've lost 11% today and their plans look to be to reign in their market, sell off a few of their sites and trying and consolidate on their new weaker market share.
Simple question: hold or sell?
Submitted March 13, 2014 at 02:33PM by Collosis http://ift.tt/1hg8LNc
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