Wesfarmers Limited (ASX:WES)
Supermarkets discounted by investors
Tue, 2012-01-31 17:41
Supermarkets are used to the challenge of catering to customers in a recession, but protecting profits during a prolonged slowdown in consumer spending has thrown up challenges. Unusually, we find that some of the world’s largest global brands appear amongst the list of most shorted names.
Stocks covered include: SUPERVALU INC. (NYSE:SVU), Safeway Inc. (NYSE:SWY), AEON CO LTD. (TYO:8267), Wesfarmers Limited (ASX:WES), Carrefour SA (EPA:CA), Wal-Mart Stores, Inc. (NYSE:WMT) and Tesco PLC (LON:TSCO).