McColl’s: Low Earner In A Tough Retail Landscape
At current valuations, U.K. convenience store chain McColls looks like good value from some perspectives. I think there may be value there, but not for small shareholders. The shares are likely a value trap, best avoided.
I think of McColls as a chain of cheerless, overpriced newsagents, but that isnt a fair representation of what the company actually is these days. It has transformed in recent years to become a large operator of convenience shops across Britain. In fact, in 2011, conv…