DNLMY - Sold Dunelm As Share Price Is Too High For My Liking
- Dunelm is a high quality, highly profitable business with durable competitive advantages. It's the UK's leading homewares retailer.
- Dunelm is not a defensive business, but it does operate in a growing market and uses relatively little financial leverage for a retailer.
- Dunelm has performed very well during the pandemic and its shares have performed even better.
- I still like the business, but after recent share price gains I think its valuation and dividend yield are no longer attractive.
- I recently sold all my Dunelm shares having owned them since 2016.
For further details see:
Sold Dunelm As Share Price Is Too High For My Liking