Hello share gang,
I mentioned Tesco (LSE: TSCO.L - news) the other day. I hinted that it was a boring share. Not that I think its a poor investment. On the contrary. It seems pretty safe. They have oodles of money and its well nigh impossible to even contemplate their getting into trouble.
In fact, the view that we are becoming more like Tescoland than Great Britain, is not so wide of the truth. They get everywhere and not just by selling of food. They even have an insurance comparison website.
They have been boring up to now because their share values doesnt seem to rise very much. And it takes an awful long time to get anywhere. I know because I have a raft of Tesco shares. And though theyve done well since the dark days of last Autumn, they have not risen as fast as some Footsie (news) fellows.
But now Tesco may no longer be a boring share. It has been mentioned as a possible buyer of one or more of the nationalised banks. That would be something. Of course, the vexed question of monopoly might rise again. They cant run everything, otherwise the government might as well pack up. We could even close down parliament.
But if Tesco does get involved in high street banking, its hard to see them making a mess of it, like bankers have been prone to do of late. This is a sensible firm, in whom we can have confidence to run our financial affairs. Their boss is a sensible chap of whom the City is full of praise. He lives fairly modestly, too, by all accounts and is kind to his many staff. Which is good because Tesco continue to make oodles of jobs, even during these terrible times.
I might buy some more Tesco shares, because of this possible banking opportunity. Heaven knows theres not much excitement in Crazyland at the moment. This looks like a thrilling situation and a possible money-maker for share shifters like us. When were not rocking on.
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