M and S shares - bargain or basket case?

Article Abstract:

Marks and Spencer has seen a drop in its stock price, and this could represent an opportunity for investors. The company is cutting costs and has appointed a new chairman. The company could be attractive to a bidder, and it has a strong balance sheet. Despite these advantages, the company faces a difficult retailing environment, and there could be delays as a result from using overseas suppliers. There are still few new people at the company, which may not be especially attractive to a bidder.

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M and S

Article Abstract:

M and S has a new chairman, Luc Vandevelde, and investor confidence has been strengthened in the company. Charterhouse Securities rates the company's stocks an add, Investec Henderson Crosthwaite rates them a hold, and Merrill Lynch's rating is neutral.

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