Friday, May 2, 2014
Tesco's Price Drop Offers Excellent Value
Posted by Saj Karsan
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...