It’s easy to understand why investors might not extend the benefit of the doubt to Sainsbury’s (LSE: SBRY) management right now — the share price has fallen by a third in the past 18 months, and sales, profits, and the dividend are down. But in the fierce battle raging among the Big 4 supermarkets, Sainsbury’s has just won a notable victory.
J Sainsbury plc Is Doing Better Than You Think…
VIDEO: One Fool puts J Sainsbury plc (LON:SBRY) under the spotlight.
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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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