The Metcash earnings hole

The share price is up but the problems in its main business are intensifying. It’s time to put this stock back on the shelf, explains James Greenhalgh.

In its guidance update on Wednesday, Metcash, in a roundabout way, said, ‘don’t worry, nothing to see here. Please move along.’ And that’s what we’re going to do, but not in the way the company may have hoped.

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