Market's view on JD Sports
Published on April 2024
- Stock watcher warns against purchasing shares, expressing cynicism towards those who buy them, suggesting they are unwise.
- Several strong recommendations to short western, European, and UK PLC shares heavily and consistently, highlighting a specific strategy of maintaining shorts from 122p, showcasing confidence in the profits from these positions.
- Concerns raised about the company being heavily indebted.
- Positive note on a sensible acquisition that offers scale with an established business.
- Discussion on the financial strategy, stating “cash is king” and anticipating a significant drop in value.
- Commentary on the broader market dynamics, noting that UK shares generally have lower PE ratios compared to the US, affecting attractiveness and global competitive stance. Suggestions include removing stamp duty to boost the market.