Carpetright Plc (CPR.L)
June 16th, 2008The jokes about shag pile may be wearing as thin as living room floors across credit crunch hit Britain, as many feel the need to head down to the retail park for a few square meters of remnant Axminster. All this bargain hunting got us thinking about Carpetright Europe's leading specialist carpet and floor covering retailer, and once we looked we discovered that others appear to be looking too. Someone else thinks its sale time at Carpetright and they have just spent £15m on the shares, watch this episode of iBall to find out who and why.
One Response to “Carpetright Plc (CPR.L)”
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George Draylon Says:
June 17th, 2008 at 10:40 amThe ‘comeback to carpet’ move is well timed. I reckon the trend will switch from those ghastly laminate floors back to carpets over the next few years. Apart from anything else they mean less heating is needed per room = saving a few quid = v attractive in our banjaxed economy.
Heavens! A crunch has become chaos and carnage and the market only seems to go one way –meltdown. Perhaps, it is not the best time in the world to be cheerfully giving investment ideas, given it’s so difficult to pick anything out of all of this mess. Just look at our portfolio.
