Kroger Coronavirus and Controversy
I conclude that Kroger lacks the cash to buy back stocks. Frighteningly, Kroger could also lack the cash to pay a modest hero bonus to employees risking their lives.
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Market Mad House
In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche
The Kroger Co. (NYSE: KR)
Is Warren Buffett Right about Kroger?
Buffett is showing his contrarian views here by rejecting the conventional wisdom that Apple is the future and Kroger is the past. Additionally, Buffett is selling an expensive stock for cash. Mr. Market was paying $324.95 a share for Apple on 14 February 2020. I think Buffett thinks Mr. overprices Apple, and I agree.
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Eleven Threats to Kroger
Despite all that Kroger’s position is far from secure. There are some serious threats to the grocery giant out there that can undermine its business.
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