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Shopping for promising stocks? Where better than at the supermarket? Jeff Auxier of Auxier Asset Management has some tasty food-business selections for investors.
His Auxier Focus Fund is up an average of 10.5 percent per year over the last five years.
Recommendations:
Auxier's list begins with British-based Tesco [TSCDY
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]. "Tesco's probably the best-run supermarket chain in the world," he said.
Investor Takeaway |
"They're heavily levered into Eastern Europe and China, and they really out-compete all the other supermarkets in the world, including Wal-Mart [WMT
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]."
He also likes Kroger [KR
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].
"They've done a really good job competing, sticking to their knitting, keeping their costs down," he said. "They've got a very low cost structure, and...there's this trend toward private label and dining in; they're really adding to market share right now."
Also on his list is Safeway [SWY
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], another passenger on the private-label bandwagon.
"That's very profitable for these grocers,' he said. "[Safeway has] double-dight earnings and sales growth."
Disclosure:
Auxier owns Tesco, Kroger and Safeway through his fund.





