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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (29362)	12/21/2007 5:58:29 PM
From: E_K_S	Respond to of 78774

Hi Madharry - Here is an article that describes Tesco's Fresh & Easy store concept for the U.S....Its a combination of fresh food and convenience. Their stores are also smaller - at around 10,000 square feet they are about the size of a Walgreen's. csmonitor.com From the article:"...offering organic, locally grown produce, fresh sandwiches and smoothies, and other prepared meals at a quality and price somewhere between the bargain-basement prices of Wal-Mart and the posher-end outlets such as Whole Foods and Bristol Farms. It also means cheaper prices – but fewer "peripheral" items such as dog food and prescription drugs. The shopping floor is several times the size of a corner convenience store, but perhaps less than half the size of a typical supermarket....." ========================================================== Buffett's supermarket sweep guardian.co.uk I did not realize that Warren Buffet is a big investor in Tesco too. In March of 2006, he disclosed that he had built his Tesco investment to over $1 billion and now owns about 3% of the company. His cost is around $25.50 per TSCDY ADR share. The stock trades as an ADR on the OTC pink sheets (TSCDY). Each share of TSCDY equals three shares of the common that trades in London. It will be interesting to see what becomes of TESCO's venture into the US and how the stock fairs in 3-5 years. EKS