/biz/ - Business & Finance

I've noticed that KR tends to go up when SPY goes down, which is weird since it's part of SPY.

Grocery stores are immune to recessions. When people don't have an income, pretty much the *one* thing they *have* to spend money on is food.
Grocery stores are immune to COVID. They're essential businesses.
Grocery stores are immune to China trade wars. They sell perishable food mostly sourced locally.

Look up the CEO Rodney McMullen. He started at the bottom. This is company has good leadership.
KR's PE is 15.73, not a meme stock and not yet inflated from Jerome's green dildo.
KR has consistently has increasing dividends per share quarter over quarter.

http://ir.kroger.com/quarterly-results
>Kroger's fourth quarter 2019 ended on February 1, 2020.
Holy fucking shit this is RIGHT before all the hoarding began. These next earnings FULLY ENCAPSULATE all of this year's madness.
I'm scaling back my own shopping so I'm buying cheaper stuff at Kroger. What do I see in the aisles? "Due to heavy demand we are low on stock on this item. We are in talks with our suppliers" Blah blah.

I'm telling you KR has been a huge sleeper while everyone plays with meme stocks. These earnings the day before the quad witching are going to be epic.