Over the past two years, the hospitality industry has been brought to its knees by one crisis after another, and many businesses in the sector are now on life support. Unfortunately, it does not look as if it’s going to get any better anytime soon.
However, in times of crisis, there are always opportunities, especially for sector-leading operators with cash to spare.
Fuller, Smith & Turner (LSE: FSTA) is one such company.
A sector-leading operator
Pubs and restaurants are notoriously bad investments. The sector is highly competitive, fixed costs
