re: grocers and food distributors:
As regards FLM, for me right now, the only question is do I just hold or do I add more? For now I'll hold.
I have a bunch of food retailer stocks and they mostly seem to be in a funk. ABS, SWY, KR, SMF, SPTN, couple others. In past years I would've guessed that in a recession, food stocks would do better than they have been. However, there's been so much competition among small and large -- we now have overstored locations it seems. And significantly, the business has been Wal-Marted too.
The only related business I see that I find really attractive is Costco. The stock's on my watch list, and even though I can envision the business's continuing growth, that already seems built into the high (imo) price of the stock. The stock's come down, but it's still expensive, imo. I am considering buying a bit though if it drops a few more points.
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