Hobson: Morrisons Unfairly Overlooked by Investors

THE WEEK: Morningstar columnist Rodney Hobson understands why investors give supermarkets a wide berth but Morrisons is doing well

Rodney Hobson 15 March, 2019 | 10:34AM

Morrisons

Supermarket group Wm Morrison (MRW) is quietly going about its business, so quietly in fact that its improved performance is being overlooked by investors. If you feel you need a supermarket in your portfolio – and you can admittedly be excused for giving the highly competitive sector a wide berth – then Morrisons is worth a look.

Sales in the 52 weeks to February 3 were up 4.7% and profits before exceptional items jumped 10%. The dividend total, including another special payment, is a quarter higher than in the previous 12 months. Free cash flow is strong and debt remains at a low level.

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About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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