Shareholders in the big supermarkets have felt the impact of the price war that has racked the sector, with margins, sales, profits, dividends and share prices all plunging. So what are they to make of news that Tesco (LSE: TSCO) is cutting the cost of banking, too?
Tesco Plc Extends The Price War Front Line To Banking
VIDEO: One Fool puts Tesco plc (LON:TSCO) 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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