How management change has made Tesco a star buy

Follow this link if this email is not displaying correctly DAILY BULLETIN Tuesday 18 April 2017 How management change has made Tesco a star buy by Robert Stephens | Equities | 4 mins. to read Less than three years ago, Tesco (LON:TSCO) was in dire straits. It had recently announced a possible overstatement of profits, its sales growth was negative and its outlook was downbeat. Fast forward to today and the company's potential for rising profitability as well as an increasing share price is high. The catalyst for this revolution is the company's CEO, Dave Lewis, and the rest of its management team. Although a relative unknown when he took the job in September 2014, he has had a huge influence on the company's fortunes. He and his team have made the business smaller, simpler and provided a clear sense of identity for a company which was becoming lost in its pursuit of conglomerate-like status. The speed of change at the company has probably surprised most investors. However, it shows the difference which can be made by having the right management team in place. In my view, a company's reputation, balance sheet strength and economic moat count for little unless the right team is in place to manage it.    Click here to read the full story LATEST STORIES FROM OUR BLOG Motif Bio: Gap higher after extended base targets as high as 60p by Zak Mir | Trading | 1 mins. to read It should have been the case that investors in the area of antibiotics development had a smooth ride on the share price front, given the necessity of developing new drugs in this area.   Click here to read the full story "Remember you're a Womble" by Evil Knievil | Evil Diaries | 1 mins. to read Master Investor's Swen Lorenz suggested to the Sunday Times to interview me for its Fame and Fortune series. The article struck me as courteous enough. Indeed, a relation told me that it made him proud to be a Cawkwell.   Click here to read the full story How to make sense of bond madness by Filipe R Costa | Economics | 6 mins. to read After some initial enthusiasm, investors are now having second thoughts about the reflation trade and once again pouring more money into bonds, as inflation is expected to remain low for longer than first appeared.   Click here to read the full story Where will Sterling go from here? Here's a prediction… by Victor Hill | Economics | 8 mins. to read At the Master Investor Show in London on 25 March, which many of my readers will have attended, one question came up again and again to the various luminaries gathered to dispense their insights and knowledge. Where do you foresee Sterling going?   Click here to read the full story Arian Silver: 2016 price channel target at 2p by Zak Mir | Trading | 1 mins. to read As I have been reliably informed that Silver plays are a better play on precious metals than Gold, it seems correct to take a look at the recent recovery in a leading mining minnow.   Click here to read the full story QUOTE OF THE DAY "We have a system that increasingly taxes work and subsidizes nonwork."                                                 Milton Friedman MASTER INVESTOR SHOW VIDEO EXCLUSIVE LATEST EDITION OUT NOW Driving into the future - Move your portfolio up a gear with the automotive revolution High income - The fund that pays 5% Jim Slater - The secrets to success of the man behind the "Zulu Principle" The dogs of AIM - How to profit from high-yielding small caps Jim Mellon - The master investor reveals his latest "money fountain" Click here to download as PDF   Click here to read online Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 7515 542707 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2017 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences