This FTSE 100 retailer’s share price has slumped. Here’s what I’d do now

first_imgSimply click below to discover how you can take advantage of this. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! This FTSE 100 retailer’s share price has slumped. Here’s what I’d do now “This Stock Could Be Like Buying Amazon in 1997” Jabran Khan | Thursday, 27th February, 2020 | More on: BRBY Image source: Getty Images. center_img Our 6 ‘Best Buys Now’ Shares Is there such a thing as a fashionable investment? Well, if you decide to invest in a luxury fashion brand there just might be.Burberry (LSE:BRBY) is a high-end fashion stalwart and home of the iconic check that is a big seller for the brand. Established by Thomas Burberry in 1856, this usually buoyant company, has been hurt by the current coronavirus in outbreak in China.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Coronavirus effectOn February 7, it released an update based on the impact of the coronavirus on its operations, which has been significant. To provide context, approximately 40% of its retail revenue comes from the Asia Pacific market. CEO Marco Gobbetti said at the time: “The outbreak of the coronavirus in Mainland China is having a material negative effect on luxury demand. While we cannot currently predict how long this situation will last, we remain confident in our strategy.”Some 24 of the firm’s 64 stores in China were closed at the time of the statement, and its remaining stores were operating with reduced hours, which had led to a significant decline in footfall.Burberry added that the spending patterns of Chinese customers in Europe and other tourist destinations have so far been less impacted, but given widening travel restrictions, it anticipated spending to “worsen over the coming weeks”. It has not updated its guidance for the current year, which ends on 31 March.Crunching the numbersThe past month has seen a slump of 12% in the share price, but reviewing the general performance, it seems to be strong. It has seen an increase in profit and dividend share year-on-year in the last three years. These are signs of a company doing well and being stable, which always bodes well from an investment perspective.The current P/E ratio stands at an expensive almost-23, however it has a slightly high price-to-book ratio, which is positive. Despite a somewhat turbulent present backdrop, one factor to take into account when judging its ability to bounce back (which I believe it will), is that of its leadership. CEO Marco Gobbetti has a long history in luxury and I believe is a good person to guide the good ship Burberry through current turbulent waters. What I would do nowI believe Burberry will recover, although short-term pain is to be expected due to the coronavirus. Its general performance over the last few years has been dependable enough to know that once the issues in China do subside, operations can return to ‘normal’ (normal being good, if not spectacular, growth). I would not be willing to invest a huge sum of money in the firm at this moment in time though, but the falling share price does represent an opportunity to pick up the shares more cheaply than they’ve traded at in almost a year. If they fall further, I might be tempted. Enter Your Email Address I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Jabran Khan has no position in the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. See all posts by Jabran Khanlast_img read more

Cornell Cooperative Extension gives out 5,000 masks to local farmers

first_img“We jumped on the opportunity to partner with New York agriculture and markets to be able to provide these items to our local farms,” said Broome County’s CCE Executive Director Beth Roberts. “Like” Jacob Seus on Facebook and “Follow” him on Twitter. He recounts seeing them say “out of stock” online. “We probably have about five or six employees that will use these gloves and such,” said Johnson. This was a trend that was noticed by the Cornell Cooperative Extension and well as assemblywomen, Donna Lupardo. On Tuesday, in Broome County at three different locations over 5,000 face masks and 380 gallons of hand sanitizer were handed out to local farmers and their employees. BINGHAMTON (WBNG) – In a time when wearing masks is the new normal, farmer, Dave Johnson, at Apple Hills says he couldn’t find them anywhere. “We”ll use them, we need them, I get on catalogs on the computer,” Johnson told 12 News. In time where farms in our area have been struggling, Lupardo told 12 News they will continue to be here to help out anyway they can. “If they have the need we will be here to fulfill it,” said Lupardo. “It’s been a challenge getting masks into the hands of farmers because there are so many out there and they are so busy,” said Lupardo. last_img read more

Potential buyers find homeowner dead in her bed

first_imgJANESVILLE, Wis. – A couple checking out a house for sale were shocked to discover the 55-year-old homeowner dead in her bed. Authorities said foul play was not suspected. Real estate agent Linda Chabucos-Galow stood in the dining room while Justin and Colleen McKeen walked through a house Monday night. Before long, she heard Colleen McKeen scream. “I thought, `What’s wrong?’ Maybe it was a dead mouse or something,” Chabucos-Galow said. But then she peered into the bedroom and saw the body of Linda L. O’Leary. After seeing the body, Chabucos-Galow said she told the couple: “‘We need to leave. This is not right. We need to get out of here.”‘ 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img