Tesco looks cheap – but is now the right time to buy?

Tesco is in trouble. Sales have fallen, and it is under threat from discount supermarkets. But its shares are now very cheap. So is it time to buy, or will things just get worse? Ed Bowsher investigates.

Tesco (LSE: TSCO)is in a sorry state these days.

The supermarket chain is currently trading on a price/earnings ratio of 11. That would have seemed like an absolute steal three years ago.

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Ed Bowsher

Ed has been a private investor since the mid-90s and has worked as a financial journalist since 2000. He's been employed by several investment websites including Citywire, breakingviews and The Motley Fool, where he was UK editor.

 

Ed mainly invests in technology shares, pharmaceuticals and smaller companies. He's also a big fan of investment trusts.

 

Away from work, Ed is a keen theatre goer and loves all things Canadian.

 

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