Two years ago if you asked me if thought investing in pubs was a good idea I would have said you were off your rocker.
Pubs were closing at an alarming rate and I saw no growth in the sector.
fast forward to now I have looked at the charts on each of these companies and the respective low forward P/E (as per digitallook). The trend over the last year has been up which is a result of culling unprofitable pubs and write downs finally shining through.
It appears that the estates now contain pubs which offer good food and an atmosphere for a wide demographic of people. Growth will pick up in line with the economy but given the valuations both these look attractive.
I hold both on a watch list and am ready to buy - (I'm a sucker for trying to market time!)
I prefer these stocks to most of the retail / supermarket plays which have gone the other way, there are too many supermarkets! Good luck to all holders.
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