A couple of years ago I read up on Halfords business and was on the fence about whether to invest. I decided to pass in the end and a recent news release has made me reflect on the thoughts I had at the time. Many of those are still relevant to Halfords today.
Cranswick announces growth in revenues and profits with a strong outlook for the future. But with the shares at a PE ratio of 14, are they now fully valued and should I sell them from my portfolio?