Marks & Spencer (LSE: MKS) has shrugged off the price war that’s savaged sales at the UK’s big four supermarkets, with the purveyor of ‘fancy meals in plastic tubs’ reporting its food division is actually seeing profitability rise. So why is it doing so well when rivals like Morrisons (LSE: MRW) are still struggling?
What Has Marks and Spencer Group plc’s Food Got That WM Morrison Supermarkets PLC Hasn’t?
VIDEO: One Fool takes a closer look at Marks and Spencer Group plc (LON:MKS) & WM Morrison Supermarkets PLC (LON:MRW)
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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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