The retailer is one of the big four supermarkets in the UK. They have several businesses including financial services and property development.
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Classic. Not sure why they are on the way down. Has anyone got any discussion points please?
Because the German retailers are slowly destroying Sainsburys and Tesco.
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Yep, squeezed by Aldi/Lidl at the low end and by Ocado at the high end, leaves them in a mid-market position that really doesn’t play well in a COVID market.
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Sainburys ripe for a takeover/merger as it owns Argos too. Plenty of store space to combine brands/offerings and that’s the appeal for me going forward.
Worth looking at their IMS presentation here: https://www.about.sainsburys.co.uk/~/media/Files/S/Sainsburys/documents/reports-and-presentations/2021/FY21%20Q3%20Slide%20deck%20final.pdf
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I also recently brought some on the combination of argos being a winner in lockdown and divi is always good.
Take over talk is outplayed… They tried that with Asda but that got stopped.
Sainbury, M&S PLC float your boat? 
Like it…
That would be wonderful … M&S super grow there food side and sains get the online ocado side…
Would leave a lot of empty high streets…
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