Metcash (ASX MTS) is an Australian wholesale business that distributes and markets groceries, fresh produce, alcoholic beverages, hardware, and other consumer goods. The company has recently tapped into the Chinese market via collaboration with Chinese e-commerce firms. However, competitors such as global giant Aldi poses a huge threat to Metcash and they have suffered losses recently due to a loss of contracts with South Australian customers. With these issues, are Metcash shares a stock to buy now?
Henry is a co-founder of MF & Co. Asset Management with over 12 years experience as a trader, investor and asset manager. Henry’s focus is on High Net Worth Wealth Management and using algorithmic quantitative trading systems to invest for his clients. Henry also trains new Interns and Advisers on trading and risk management.