Earnings were almost double from last year due to coronavirus increase in sales and the stock price went down. If you believe Kroger is making too much money for shareholders then join them. Become one of them.
Yup, stock is a good investment for long term returns. Kroger is a stock investors love to hate, they love to have a stock that is mostly stable and pay a dividend. But they hate a company that isn't making huge profits on huge sales. The grocery industry isn't sexy, investors only really like sexy companies on the forefront of something new, that would make them $$$$$. So take last quarters results, they beat all metrics, but yet the stock has now went down? What did investors cry about? Why did you offer customers sales /promotions on items when you didn't have too.
Ok, Rodney, please cancel all promotions and sales, do not try to grow your customer count. Then investors would ask why are you not trying to get new customers and offer sales/promotions to attract new customers.
I'm so drunk I'm trying to type words like "deepfully". Turns out that's not a word.
Seems like now is probably the wrong time to buy Kroger stock. You know, that whole "buy low sell high" thing? I'm pretty sure that "buy high sell ...uh...damnit" isn't exactly Warren Buffet style.
If you are on this forum, you are either a spambot, that troll, or a Kroger employee. Wash your ass, I guess?
If you are an employee, there's two problems. First, you know how poorly the company is run. Secondly, you don't want to give any more money to the company.
Bezos is the richest man in the world and I'm terrified he's barely trying.
Stock is usually stable but ex-employees dream of competing, and hopefully driving the company into the grave. Forbes thinks it is well run. Sooner or later my sense is that the stock will drop or enter a permanent decline due in part to increased competition and many years of unethical/illegal behavior.
Kroger needs an asset management team to buy a percentage of the company and make changes. This company can be run so much better if the right people were brought in.
