For
those who think supermarket operators can't produce worthwhile
capital gains, Kroger's
(NYSE:KR)
roughly 18% move up over the past three months is a good
counter-argument. What's more, while food retailing continues to be a
tough business, made even more difficult by price competition from
entities like Walmart
(NYSE:WMT)
and dollar stores and economic pressures on shoppers, Kroger
continues to execute at a high level. Although this stock still does
not look all that cheap on a cash flow basis, investors should never
be quick to abandon well-run companies.
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