Author: Geoff

Interesting story here and here (Registration may be required) that moots Tesco as a possible bidder for Albertson’s in the USA. Albertsons are the number 2 food retailer in the USA who are having a hard time against Walmart.
This is interesting especially after all the recent UK PR about Asda (Walmart) bleating about Tesco’s dominance in the UK.

Tesco’s market capitalization is about £25.6b Albertson apparently could fetch £11b. Walmart still dwarfs them with a market cap. of over £100b.

Personally I think its sheer lunancy if Tesco do this. Has any UK company succeeded in the USA? However, it could be good news for Sainsbury etc in the UK since Tesco’s senior management would be well stretched to handle a Albertsons take over.

Maybe worth a punt to buy some Albertsons shares – they are at quite a low currently.

A graph of historical USA house prices (adjusted for inflation) for the period 1880 to present day. showing the almost doubling in prices since 1996. Previous doubling boom lsimilar to this was in 1945 with prices remaining static (after inflation) for next 50 years.

http://www.typepad.com/t/trackback/3043001