The grocer is struggling, but the shares are a cheap source of income, says Phil Oakley.
Can things get any worse for the big supermarket chains? Their share prices have been hammered as they face up to what seems like a perfect storm.
Tesco has slashed its dividend and it’s very likely Morrisons will too as both companies’ profits tank. The stock market seems to think that Sainsbury’s future is almost as bleak.
If you have a look at the supermarket sector as a whole, it’s easy to see why investors are so downbeat.