Is plenty of recovery already priced into these stocks?
The recovering share prices of several pandemic sufferers covered here suggests that plenty of good news is already factored into their now re-elevated valuations. Elsewhere, the manic acquisition spree of one AIM company continues.
Churchill China: share price suggests it’s business as usual, but... The rapid recovery in the share price of Churchill China (LON: CHH), the manufacturer of ceramic products for hospitality markets, suggests all is well in its markets, although that couldn’t be further from the truth given this company’s experiences of the past few months and recent financial results, which saw profits evaporate. Thankfully, Churchill China is seeing a recovery in hospitality activity and sales as restrictions have been relaxed. This improvement has been most evident in the UK, but they have also been encouraged by stronger trading in Europe and…