Despite the gloom affecting the pubs sector, JD Wetherspoon appears to be on the up, says The Independent.
It reports on the positive comment by analysts following the pub group’s announcement of its latest quarterly trading figures up to April.
It quotes broker Altium which said that while the sector has been “mullered in recent times, the numbers today could convince a few people to upgrade estimates for 2009 and 2010. If so, this could signal the end of the downturn.”
The Independent says it might be a “safe bet” to buy Wetherspoon but says its shares are a hold for now.
The Independent 03/05/08 page 13 (Save & Spend)
