PinkDalek wrote:westmoreland wrote:if you really must, you should only invest in the stobart's of this world with a massive margin of safety, to guard against corporate governance problems.
as for logistics, it's is a poor business to be in. high fixed costs, commoditised service, business buyers who drive prices down, and very complex to execute well. at some point, a massive logistics company gets economies of scale that give it a competitive advantage (like royal mail), but a non regulated one doesnt exist in the UK.
I'm sure you are correct, as was simoan back in March earlier on this thread, but what I love about TLF is the number of posters who tell us such things on bad news.
Please don't take that the wrong way, if only I'd found such warnings on here before I foolishly (lower case f btw) invested.
ok - here's another one - sports direct. wouldn't touch them with a bargepole.
obviously, i had no idea that ESL would suspend their shares, but the weakness of the business model is there for all to see.