Photograph: May James/ReutersPhotograph: May James/Reutersith the benefit of hindsight, one can say that the stock market got wildly overexcited a year ago about the recovery prospects of consumer-facing companies. When the restrictions came off, went the thinking, punters would enjoy themselves and lockdown’s corporate losers would be transformed into winners.
Pub companies were lockdown losers but can adapt to tough trading conditions
Brasil Notícia Notícia
It’s possible that much of the current uncertainty is already priced in to the recovery of well-run firms like M&B and Marston’s