Sunday, November 25, 2007

Another stock on the long term rise

Have you ever heard of Tesco? (TSCDY) Most people in the United States have not. They are the Number one retailer in Britain. They run over 2000 supermarkets and supercenters in the U.K. and over 1000 other similiar centers in other parts of Europe and Asia. The founders name is Sir Jack Cohen. He likes to stock his stores with a lot of inventory and then sell it as inexpensively as possible to move as much of it as he can. This is how he made his fortune.
In the fall of 2002 one share of tesco was trading for about $8 a share. By the fall of 2004 it was at around $18. By late in 2006 it was at around $24. Now in late November of 2007 it is at around $30 a share. That means that for every $8 you would have invested in this company 5 years ago you would now be holding $30 in its place. That is almost 4x more. That is some good steady growth in a relatively short period of time i would say. The company is planning an expansion into the United States. They have just opened their first store in Los Angeles. Early signs are it is going good.

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