How the Tesco (TSCO) share price, like Charlie, disappeared down a hole on publication of the interim results and then immediately popped out again: the “why?” and “what else?” of events. Conclusion: shares for buying and tucking away.
Tesco (TSCO) is a recovery play with a nice dividend yield whilst investors wait for recovery in the UK business from the knocks of the last year or so. The shares look very attractive on dividend yield grounds with a share price moving up after the recent decline. The chart suggests 400p as a rational target.
I wonder that Lewis Carroll, the author of the books about Alice in Wonderland and Alice through the Looking Glass did not write on stock markets; the most surreal of all exchanges by price; where events seem to become contradictions of themselves before your very eyes and analysts and market “experts” rush past looking like white rabbits
Stock markets are bewildering places. The day after Tesco (TSCO) posted appalling results for the year to 23 February 2013, its share price goes up?
