Phil Oakley 

Has James Halstead become an expensive chugger?

Phil Oakley

Has James Halstead become an expensive chugger?

The stock market has had a long love affair with very profitable businesses that have been able to keep on growing their profits through good times and bad. They don’t tend to grow very quickly but their perceived dependability means that investors have been prepared to pay high prices for their shares. I call them "chuggers" – businesses that quietly grind out some growth year after year. Aim traded flooring company James Halstead (JHD) fits my chugger definition very well, but that doesn’t necessarily mean that investors are going to make money buying its shares right now.

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