Pub gossip - part 5

Tuesday, 7 October 2014, 2:07 am

Scribblers round at Goldman Sachs last Friday published a particularly bearish note on Marston's, the FTSE 250 pub company, and reiterated the shares are a "conviction sell". Ouch.

Basically, the Goldman analyst argues Martson's is slightly stuck between a rock and hard place because it needs to throw money at its pubs to reposition its estate into larger food-led outlets but can't do this as it also needs to "de-lever" its balance sheet.

Below is the key comment from the stockbroker's equity research analyst:..

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