Tesco‘s (LSE: TSCO) new distribution deal with the Spanish department store El Cortes Ingles won’t on its own move the dial for the British grocery giant, but it does highlight the new direction Tesco is taking in expanding overseas.
Can Spain really help Tesco PLC return to glory?
VIDEO: Owain takes a closer look at Tesco plc (LON:TSCO).
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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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