Instead of concentrating on widening the moat and dealing seriously with Aldi, they went the Masters route and underinvested in grocery stores. What a waste of a great company.
Tuesday, January 19, 2016
On Second Thought ... WOW
Possibly the biggest waste of all. 10 years ago they had a huge moat, stonking great returns on equity and a comfortable stream of dividends for shareholders.
Instead of concentrating on widening the moat and dealing seriously with Aldi, they went the Masters route and underinvested in grocery stores. What a waste of a great company.
Instead of concentrating on widening the moat and dealing seriously with Aldi, they went the Masters route and underinvested in grocery stores. What a waste of a great company.
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