Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why You Can (and Should) Buy Kroger Stock Now, Despite a Price Plunge

TheMotleyFool

0 0

Here's Why You Can (and Should) Buy Kroger Stock Now, Despite a Price Plunge

Investors were clear about their perception of the second-quarter earnings results that Kroger (NYSE: KR) reported last week -- they didn't like them. Shares fell 7.5% on Friday in response to last quarter's shrinking gross margin, and have since given up a bit more ground. Rising wholesale costs and (of all things) theft are taking a toll.

This pullback, however, is ultimately a buying opportunity. Last quarter's cost increase is not only out of the ordinary, but it's projected to be temporary.

Image source: Getty Images.

Source Fool.com

Like: 0

Share