Its interim management statement for the 13 weeks to 28 May showed why Whitbread (LSE: WTB) deserves plenty of attention: like-for-like sales growth at Premier Inn and Costa stands at 6.3% and 5%, respectively.
Good-quality companies with consistent performance and attractive financial characteristics rarely sell cheaply, but periods of market weakness can provide an opportunity to buy the shares a little lower.
Answering the question, 'what strategy to follow and when to apply it' is an age-old investor dilemma. Should we buy a firm down on its luck, such as Balfour Beatty (LSE: BBY), in the hope that a trading recovery could send the share price rocketing?
They say that quality doesn't come cheap, and investors in ARM Holdings (LSE: ARM) (NASDAQ: ARMH.US) Whitbread (LSE: WTB) and Burberry Group (LSE: BRBY) would no doubt agree: their shares are expensive for a good reason.
I don't think a big correction in the equity markets is likely, but certain stocks - such as those of NEXT (LSE: NXT) and Whitbread (LSE: WTB) - may come under pressure, even if the FTSE 100's rally continues. Here's why.
The valuation of Associated British Foods (LSE: ABF) has been boosted by Goldman Sachs on Friday, so the obvious question now is whether this would be a great time to take profit after its prolonged weakness.