Why WFM, COST, and WMT have all reached new 52 weeks highs and Kroger stock has done little or nothing in 10 years? Why would a stock perform like this for an entire decade? Do you think any of the other shareholders have noticed, or is it just me?
This was a high flying stock in the late 1990s and early 2000s. During the last 12 years, it has been going thru the process of being a growth stock to value stock. Look at WMT , the share price also went sideway for a decade, until 3 months ago. There are many other examples out there. I predict KR will move like WMT very soon, a month from now or perhaps two years from now, I am not sure. Kroger is a good company, but not very innovative. They are still the biggest grocer out there. They enjoy the economic of scale.
Both KR and SWY have ugly charts for the last few years. WMT is part of the reason. The UFCW is another. Nobody gets excited about investing in a "pure" grocery chain anymore. Too many other opportunities.