- than SBRY & MRW- 'nuff said. Before Pop bought into TSCO he read every annual statement back to 1919. He still retains a below the radar stake of about 3% My guess is he is watching Dave & co. closely & comparing things with Coca-Cola 1988? in similar circumstances.
Siefert, I agree with what you wrote. The question of consumer footfall preys on my mind. Old habits are difficult to change. Similar to smoking. What would discounters and larger stores do to build upon customer loyalty and Tesco's legacy of bodged accounting and 'in your face' in store labeling. Where will Tesco's stealth profits come from next? If they are not upfront with its business problems, what will they do behind consumers backs to remain a profitable going concern? oh yeah sack a few managers. Why didn't Warren Buffet suggest that to the bod previously?
I see you are still wedded to your strategy in this stock. Well, while I do find you at times obnoxious, I do lament when PIs (including you) come up short, because while you can be obnoxious, you are not a crook or a cheat like fatuously titled 'professional investors' and it does pain me to learn that you are down and/or losing money when these crooks seldom absorb their own losses, rather risking the savings of others. - Just so you know, I am now completely out of Tesco (long and short) and will no longer be taking any position. I will however humbly leave you with a reiteration of my long-standing argument that it is the consumer that is dictating changes within the retail sector, and the consumer is a fickle (and mostly disloyal) participant of any one grocer or entity. For what it's worth, I don't think the new guy at the helm at Tesco is up to the task, (it's better to sus this out early than languish with a mismatched CEO). Tesco will need another CEO to come in and tackle the environment as it obtains, not as one would wish it to be. To my mind, its is Tesco's legacy of grocery in the UK that is weighing on the new CEO, that he does not really comprehend, and must weigh on his considerations. Good luck and adieu!
Is this the reason he said that Tesco was his biggest mistake, Opium? After he stopped reading charts, right? He should have looked at them from the time, it was all there , in the charts, that tesco would have been a mistake for any investor.
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