market cap company. I don't see it falling off into the abyss IMO, as people will always need to buy groceries.
In saying that, no one thought the banking or mining sectors could drop off like it did. But in doing so, many people also bought these shares at bargain prices and are now laughing to the bank!
Instead of forecasting a doomsday for Tesco, perhaps we need to determine whether we want to take advantage of these current low share prices. If everyone reinvests their dividends, this could be the bottom before the climb back up where everyone is rewarded.
If not, hold on to your shares IMO, as with all shares, there has always been a rise after a fall.
I presume you are not a Newby... I offer GENERAL advice which I took myself, many moons ago, rather than a handful of flavor-of-the-month tips. I would add, buy a copy of 'The Warren Buffett Way' for a couple of quid on Ebay & keep reading it 'til it makes sense. Start off by re-investing divs in other sectors, like Tesco & HOLD your Bond Proxies for ever. As pop says the 1st Rule is don't lose & Rules 2 & 3 are - don't forget Rule no. 1 :)
Redde pays an excellent dividend as does GVC, Llyds Bank etc. What about Teso? Why stick to FSE 100 when there are so many good things elsewhere. I am 100% up on EMH, 30%. On Boohoo. not much chance of that with the likes of Tesco!
Buried Treasure,ahoy! 1) stick to FTS100 stocks, 2) stay out of Energy, Fashion, Betting, Banks & stocks that don't pay a dividend. Newbies should Stick to Bond Proxies like UU. SVT PNN NG. VOD IMO, - put same amount in each, adopt a PF mentality & reinvest dividends.
Gerry --- yes, it's really disappointing to see this recent slide & you pose a very relevant question !! Looks likely that the SP is about to revisit and re-test that 187p ish marker from late january . Should hold but a new lower low now would target the 200 dma somewhere between 181p & 185p .
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