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I own a few FTSE 250 stocks in my investment portfolio, but there’s one in particular that I’ve been buying lately. The stock is JD Wetherspoon (LSE:JDW).
At first sight, the pub business isn’t an obvious choice. But for investors with a long-term outlook, I think it could be a great choice.
Low prices
The investment thesis is relatively straightforward. JD Wetherspoon offers lower prices than its competitors in an industry that I think is going to remain in demand for the long term.
That’s a powerful position to be in, but it’s only part of the equation. Offering low prices to customers is one thing, but unless it’s backed up by lower overhead costs, it doesn’t make for a good business.
But Wetherspoon does have lower costs than its competitors. One of its biggest advantages in this regard comes from its property portfolio – 71% of which it owns…
