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Tesco at 203p: after news of overstated profits – a buy?

By Robert Sutherland Smith | Tuesday 23 September 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.


News that Tesco (TSCO) had overstated its profits, prompting a near 12% collapse in the share price was good reason to caste the valuation measure over the shares at 203p. – last seen. I learnt from my A level English literature that the essence of tragedy – the real Greek kind – is to fall from a great height. That makes Tesco and its shares a real Greek tragedy! 


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