Card Factory: our final Bonkers Bargain of 2020 (Updated)
Card Factory had a tough close to a pretty awful year and, as anticipated, the year end lockdown mean that banking covenants will be breached. However, the share price appears to reflect the most pessimistic of outlooks and with plenty of recovery potential in 2021 and beyond, our final Bonkers Bargain of 2020 still offers compelling recovery potential for the patient.
Greetings cards and gifts retailer, Card Factory (LON:CARD), a previous constituent of our Income Boosters portfolio, clearly faces a challenging short-term outlook. Its stores are currently closed and reduced footfall across the UK’s high streets following further lockdowns resulted in a disappointing sales performance over the key Christmas trading period.
Continue reading our content…
- Unlimited access to our market-beating portfolios
- In-depth coverage of many of the world’s great companies
- Unique insights from our top research team
- Company and markets insights
- Sponsored content
Previous article Next article
For access to the top news and insights from the investment worldREGISTER FREE
More on Card Factory
While online retail continues to enjoy fabulous trading conditions, reflected in several updates covered here, a…
Card Factory had a tough close to a pretty awful year and, as anticipated, the year…