Shares in focus: Should you hitch a ride with the AA?

The iconic motoring group looks cheap, but it’s struggling and mired in debt, says Phil Oakley.

Private investors are not short of new share issues to buy these days. However, they weren’t invited to subscribe for any shares in the recent AA flotation. So with the shares now on the open market and trading below their issue price, is it a good time to snap some of them up?

The outlook

Companies with strong brands can be very good investments. They tend to have very loyal customers and rivals find it hard to compete. On the face of things [...]

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