Mr Price and Clicks. End of an Era, or an Entry Point?

Mr Price and Clicks have both been hammered, and on a chart they look like the same trade. They are not. Simon Brown holds both and spends this episode pulling the two businesses apart to work out which one he actually wants to own. Clicks is on its cheapest P/E in a decade but is losing share in the high-margin categories that pay the bills, with Dis-Chem, Checkers Sixty60, SPAR Health and…