“You miss 100 percent of the shots you never take, and if you think it’s expensive to hire a professional to do the job, wait until you hire an amateur “ . ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me walterunger@ccim.net
By Beth Mellor October 8, 2017, 10:00 PM MST
- Scottish Investment Trust favors Marks & Spencer, Tesco, Gap
- Amazon is priced for perfection; retailers ‘incredibly cheap’
It hasn’t been a good year for traditional retailers on either side of the Atlantic.
Yet multiple store closures, bankruptcies and profit warnings — with the finger often pointed toward Amazon.com Inc. -– have created some buying opportunities in the much-maligned sector, according to the head of a $1.1 billion investment company.
“You could probably almost buy anything in retail at this precise point in time because sentiment has got so depressed,’’ Alasdair McKinnon, manager of Scottish Investment Trust, said in an interview referring to retailers in both the U.K. and U.S. “Stocks look incredibly cheap.’’
McKinnon, who looks for “ugly duckling’’ investment themes, likes large-cap consumer companies with a turnaround story, including Marks & Spencer Group Plc and Tesco Plc in the U.K., and Gap Inc. in the U.S. The e-commerce giant that brick-and-mortar stores are facing up against is priced “as if nothing can go wrong” and will face a regulatory backlash as concerns build about its growing domination of retail and tax practices, he says.
Based on current estimates, Amazon shares trade at more than 100 times 2018 earnings, dwarfing Marks & Spencer on about 13 times, Tesco at 19 times and Gap at 14 times.
European retailers have underperformed this year, with the Stoxx 600 Retail Index — which includes Marks & Spencer and Tesco — down about 4 percent compared with an 8 percent gain for the broader gauge. It’s been a similar story in the U.S., where the S&P Supercomposite Multiline Retailing Index — including Target Corp. and Macy’s Inc. — is down 10 percent compared with a 14 percent jump in the S&P 500 Index.
While companies which simply try to compete with Internet retailers on price will likely fail, those that can adapt to the new e-commerce environment and have a strong brand, like Marks & Spencer and Gap, are good investments, according to McKinnon. “People do like going shopping. It’s a social thing, it’s a hobby.’’
Marks & Spencer is a good bet under a new chairman with a history of retail turnarounds, a strong food business, and a high dividend yield, McKinnon said. Tesco’s new leadership since a 2014 accounting scandal is doing a good job, while the pending deal with Booker Group Plc, provided it closes, is a logical way to make better use of distribution networks, he said.
Gap has “an incredibly powerful brand,” according to McKinnon, something that should help Chief Executive Officer Art Peck in his comeback plan. Investors are already switched on to the U.S. retailer’s revival, pushing the stock up 31 percent this year.
Scottish Investment Trust, with about 853 million pounds ($1.1 billion) in assets, has returned about 21 percent in the past 12 months compared with about 19 percent for peers, according to data compiled by Bloomberg.
As a contrarian investor, McKinnon is looking for bubbles that are about to burst and companies near to reversing a slump. “Often the point of mania is a danger sign and the point of depression is a big opportunity,” he said.
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me walterunger@ccim.net
FROM ME:
Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. I also sold hundreds millions of dollars’ worth of Investment Properties / Owner User Properties in Retail, Office Industrial, Multi-family and Land in Arizona and therefore I am working with brokers, Investors and Developers. I am also a CCIM and through this origination ( www.ccim.com ) I have access to marketing not only in the United States, but also internationalClick here to find out what is a CCIM: https://en.wikipedia.org/wiki/CCIM
PLEASE CALL ME 520-975-5207 OR E-MAIL ME walterunger@ccim.net
Timeline of Arizona from 900 BC – 2017
ARE YOU READY TO SELL OR PURCHASE YOUR LAND OR COMMERCIAL BUILDING IN PHOENIX, SCOTTSDALE, MARICOPA COUNTY AND PINAL COUNTY, ARIZONA, CLICK HERE AND PLEASE CALL ME. 520-975-5207 or email me walterunger@ccim.net
Apartments: Construction, Planned, Prospective
Interactive Map :: 10+ Unit Apartments For Sale Greater Phoenix AZ
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 29, 2017 / Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 22, 2017 / Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 15, 2017 / Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 8, 2017 / Phoenix Arizona Metro.
WEEKLY APARTMENT CLOSING UPDATE THROUGH September 1, 2017 / Phoenix Arizona Metro.
WHY PHOENIX? AMAZING!!! POPULATION IN 1950 – 350 K PEOPLE; “NOW 5 MIL”. – “5TH. BIGGEST CITY IN USA”
DOT – LOOP 202 / SOUTH MOUNTAIN FREEWAY / PHOENIX AZ – UNDER CONSTRUCTION
ARIZONA FACTS – YEAR 1848 TO 2013
- DEMOGRAPHIC FACTS ABOUT MARICOPA COUNTY:
- The average age of the population is 34 years old.
- The health cost index score in this area is 102.1. (100 = national average)
- Here are some of the distributions of commute times for the area: <15 min (22.7%), 15-29 min (36.8%), 30-44 min (25.1%), 45-59 min (8.6%), >60 min (6.8%).
PHOENIX PROJECTED AS NUMBER ONE US HOUSING MARKET FOR 2017
LIST OF ECONOMIC DEVELOPMENT PROJECTS IN PINAL COUNTY, REVISED 2-14-17
Reasons to Consider me for Commercial Referrals – I have the Knowledge and Experience
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Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
2016 Official Arizona Visitors Guide
Timeline of Phoenix, Arizona history
Facts of Arizona – year 1848 to 2013
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix, Tucson, Arizona.
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Kasten Long Commercial Group tracks all advertised apartment communities, including those advertised by other brokerages. The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units).
Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207
Walter Unger CCIM
Senior Associate Broker
Kasten Long Commercial Group
5110 N 40th Street, Suite 110
Phoenix , AZ 85018
Direct: 520-975-5207
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