Tesco: Upgrade To Buy On Improved Fundamentals And Cheaper Valuation

Following my coverage on Tesco ( OTCPK:TSCDY ) in Oct’24, which I downgraded to a hold rating due to my concerns about the valuation being too high, this post is to provide an update on my thoughts on theI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to be drawn to compan ...