Three stocks that may be going the way of Tesco

Companies that are too aggressive on prices are leaving themselves open to attack, says Matthew Lynn.

It expanded too fast. The management grew complacent and arrogant. Customers were taken for granted. And suppliers were treated abysmally, while the board was packed with people who knew about as much about food retailing as Jos Mourinho does about humility.

Ever since Tesco started running into trouble, there have been plenty of articles written about how its problems were well flagged up in advance, and should have been spotteda long time ago.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.