By Robert Sutherland Smith | Tuesday 22 April 2014
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.
The standard analysts’ question “where do we go from here?” is a great one to ask Tesco (TSCO); a share that must serve as part of the foundation of many a portfolio. However, before asking this question there is another that should probably be put first: “where have we been?” On a very long trend of downward valuation, is the flippant answer! However, analysis of the next set of results could provide clues as to whether this down trend can be reversed and Tesco’s shares start to regain some of their former glory.
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