Bad News At Tesco Could Be Good News For Investors
October 24, 2014 at 15:52 PM EDT
Sir John Templeton coined the term “points of maximum pessimism” - you want to buy when there is negative news on a stock because that news is likely more than priced into the stock. This is where Tesco is today, and this is why my firm recently added to our position in the U.K.-based retailer.