Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I note that I reviewed Tesco (TSCO) shares in January when they had sunk to 180p. It was a fairly full note and most of the argument it included still informs any appraisal of Tesco shares even if they have climbed 32% since then. I took a long term positive view on the shares and see that the market has compressed that long term into a matter weeks.
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