For years, the UK supermarkets seemed oblivious — if not arrogant — in the face of changing consumer tastes and the encroachment of the hard discounters. But with every week now bringing more job cuts, store closures, and management changes, have Tesco (LSE: TSCO), Sainsbury’s (LSE: SBRY) and Morrisons (LSE: MRW) U-turned from inaction to outright panic?
Are Tesco plc, J Sainsbury plc & WM Morrison Supermarkets plc Panicking?
VIDEO: One Fool puts Tesco PLC (LON:TSCO), J Sainsbury plc (LON:sBRY) and WM Morrison Supermarkets plc (LON:MRW) under the spotlight.
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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