Kingfisher (KGF.L): +102% From a Home Improvement Retailer Nobody Wanted inFiled under: TVISIL Case Studies | Strategy: High Dividend Yield 2020
In 2020, nobody wanted to own retail stocks. Lockdowns had shut physical stores. E-commerce was supposedly going to destroy every bricks-and-mortar retailer. Kingfisher – the owner of B&Q in the UK and Castorama and Brico Depot across Europe – was being priced as if the home improvement business was structurally finished. TVISIL’s high-dividend yield screen […]
