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Topps Tiles profits warning - do not be tempted to bottom fish

Tom Winnifrith
Wednesday 4 October 2017

On the surface of it, the retailer Topps Tiles (TPT) looks cheap. Even after today's trading statement the shares, at 73p offer trade on a PE of just 10 for the year ended 30 September 2017. But do not bottom fish. Here's why.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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