Stagecoach Group (stagecoach.com) is the UK’s leading bus and coach operator with a rail franchise business on the side.
As a dividend-focused investor, I find Stagecoach an interesting company because it’s a market leader, it operates in a relatively defensive sector and, at a share price of 130p, it has a dividend yield of almost 6%.
These are all attractive features and it’s why I wanted to take a closer look.
However, when I glanced at the stock’s long-term price chart I was somewhat surprised to see very large peaks and troughs, spread out over the last 20 years.
For shareholders who’ve been with Stagecoach since the late 90s, this has clearly not been an enjoyable ride. But with the price now back down towards the lower end of its twenty-year range it appears, at first glance, as if this could be a good buying opportunity.
But then again, first appearances can be deceiving.
You can download my full review of Stagecoach below, along with the rest of this month’s Master Investor magazine: