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Holly LaFon
Holly LaFon
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Jeff Auxier Comments on Tesco

February 13, 2014 | About:
Fund performance has been negatively impacted by turnarounds like global supermarket operator Tesco PLC (TESO). Retailers in general, even world-class operators, are suffering from a glut of stores fostered by a rapid transformation to online and mobile shopping. While we don’t see much more downside, the execution has been disappointing—slower than expected. Over the long term this approach to buying high-quality assets during distressed times has been a winner. It is often difficult to gauge the timeline.

From Jeff Auxier (Trades, Portfolio)'s fourth quarter 2013 commentary.


Rating: 4.3/5 (3 votes)

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