Ten years of growth in profits has come to a halt at Britain’s sometime number two supermarket. Sales are holding up but only because Sainsbury’s (LSE: SBRY) is adding spaces and cutting prices to maintain market share. Profits have slumped, and its property portfolio isn’t worth as much as wethought, either.
J Sainsbury plc Checks Out Reality
VIDEO: One Fool takes a closer look at J Sainsbury plc (LON:SBRY).
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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