2024-04-21 09:06:44 ET
Summary
- Marks and Spencer has ticked a lot of boxes with its latest turnaround.
- The issue, however, is that market expectations are also a lot higher.
- I won't be chasing the stock anytime soon.
The UK's leading clothing and food retailer, Marks and Spencer ( OTCQX:MAKSY ), may have finally hit the right note in its latest turnaround effort. The company's latest trading update only reinforced the bull case, highlighting outperformance across both its key UK segments ('food' and 'clothing & home')....
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Marks and Spencer: A Riskier Turnaround Bet