Tesco's Price Drop Offers Excellent Value

As market multiples have expanded over the past few years, it has become increasingly difficult to find companies with moats that trade at single-digit P/E multiples. But following bad short-term news, the occasional gem does fall to the floor. Tesco (TSCDF, TSCDY), which trades over-the-counter in the US and as TSCO in London, is a terrific example.Read more...