Why I believe the Tesco share price could soon return to 300p

first_imgWhy I believe the Tesco share price could soon return to 300p I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Image source: Getty Images I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! It looks as if the Tesco (LSE: TSCO) share price is on offer right now. Shares in the UK’s largest retailer have plunged, in line with the rest of the market over the past few weeks.However, while other companies are struggling in the current environment, Tesco appears to be thriving.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Tesco share price recoveryFigures suggest UK consumers have increased their food buying by more than 60% year-on-year in the past few weeks. As the largest food retailer in the UK, Tesco could benefit disproportionately from this.What’s more, management estimates the government’s business rate tax holiday will boost the group’s bottom line by around £500m this year. For some comparison, last year the company earned a total net profit of £1.3bn.Unfortunately, it’s not all good news for the Tesco share price. Disruption to operations from staff sickness, as well as the extra costs of hiring thousands of new staff to deal with the increase in demand, will hit the bottom line. The retailer has increased the size of its workforce by a staggering 10% over the past 10 days.It’s also likely the group’s Booker wholesaler division has seen a significant drop in demand. The business primarily caters to small businesses in the leisure sector. As the government has ordered most of these operations to shut up shop to contain the spread of the coronavirus, Booker may be struggling.That said, Tesco’s logistics network is second to none, and some of the retail sector’s most experienced minds are in charge of operations. This implies the group could have worked to offset falling demand in one section of the business by shipping goods to other stores.UndervaluedWe’ll have to wait and see what the impact of the above will be on Tesco’s bottom line. However, at this stage, it looks as if the company might come out from this crisis in a better position than it was at the end of 2019.On top of the tax break and demand boost, Tesco is also in the process of selling its Asian business. The £8bn deal will shore up the group’s balance sheet, and management has even hinted at a £5bn special dividend. That suggests investors are in line for a special payout of around 20p per share.After recent declines, Tesco share price is trading at a price-to-earnings (P/E) ratio of 13.4. That’s compared to its five-year average of around 20.Based on current City earnings estimates, if the Tesco share price returns to a P/E of 20, it could be worth as much as 340p. These estimates could unstate the firm’s potential at this stage. Including the 20p special dividend, this suggests the stock has an upside of 63% from current levels.So, if you looking for a defensive, undervalued investment, it could be worth taking a closer look at Tesco. “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Tesco. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img Rupert Hargreaves | Wednesday, 1st April, 2020 | More on: TSCO Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Simply click below to discover how you can take advantage of this. See all posts by Rupert Hargreaveslast_img read more

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The Delinquency Drop

first_img The Delinquency Drop Home / Daily Dose / The Delinquency Drop Previous: Understanding Drops in Mortgage Delinquency Next: Court of Appeals Rules in Favor of Castle Law Demand Propels Home Prices Upward 2 days ago About Author: Seth Welborn Mortgage delinquencies fell by 0.9 percent year over year, according to the latest Loan Performance Insights Report from CoreLogic. By measuring delinquency as well as transition rates across all stages, CoreLogic’s report indicates the overall strength of the housing market.Employment increased by 196,000 in March, according to the most recent U.S. Bureau of Labor Statistics Employment Situation Summary, which Frank Nothaft, CoreLogic Chief Economist cites as one reason for the increased loan performance.”Income growth, home appreciation and sound underwriting combined have pushed delinquency rates to their lowest level in 20 years,” said Frank Nothaft, CoreLogic Chief Economist. “The low delinquency rates on home mortgages are a contrast to the rising delinquency rates on consumer credit. While home mortgage delinquency rates are at, or are near, their lowest levels in two decades, delinquency rates for auto and student loans are higher now than they were during the early and mid-2000s.”According to the Report, the overall delinquency rate has fallen on a year-over-year basis for the past 13 consecutive months, although, the largest gains in delinquencies were seen in areas affected by natural disasters, notably the Southeast. CoreLogic notes that five Southeastern metroes impacted by natural disasters also saw the biggest gains in delinquencies, including Panama City, Florida; Albany Georgia, and three North Carolina metroes: Jacksonville, Wilmington, and New Bern.Still, overall delinquency rates have been declining. The foreclosure inventory fell by 0.2 percent year over year as of January 2019, down to 0.4 percent.”As the economic expansion continues to create jobs and low mortgage rates support home buying this spring, delinquency rates are likely to trend lower during the coming year,” said Frank Martell, President and CEO of CoreLogic. “The decline in delinquency rates has occurred in nearly all parts of the nation.”Serious delinquency, or 90 days or more past due including loans in foreclosure, fell nationwide, except in one state: North Dakota, which remained unchanged. By metro, 13 areas saw increases in serious delinquency,  while 14 remained the same and all remaining metro areas decreased.Find more from the report here. Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Share Save The Best Markets For Residential Property Investors 2 days ago 2019-04-09 Seth Welborn Subscribe The Best Markets For Residential Property Investors 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago April 9, 2019 1,261 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post in Daily Dose, Featured, Foreclosure, Market Studies, Newslast_img read more

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Boy Struck by Car in Ocean City; Bicyclist Hit in Separate Accident

first_imgBy Donald WittkowskiA 7-year-old boy was reported in stable condition after he was hit by a car Friday morning while crossing Bay Avenue near 18th Street in Ocean City.It was the second accident in only two days involving a child being struck by a vehicle in town.On Wednesday morning, a teenage girl riding a bicycle suffered minor leg injuries when she was hit at the intersection of Sixth Street and Atlantic Avenue, police said.Mayor Jay Gillian issued a public statement urging motorists and pedestrians to obey all traffic laws and use “extreme caution” while out on the road during the busy summer vacation season.The boy, who lives in Ocean City, but was not publicly identified, was airlifted to Cooper Medical Center in Camden for treatment.“The incident remains under investigation, but it’s a sobering reminder of the importance of traffic safety for both drivers and pedestrians,” Gillian said in his statement. “I hope you all will join me in saying prayers for him and his family. I also urge you all to use extreme caution on our busy summer roads, to follow all traffic laws, to pay attention and to go slow.”Det. Sgt. Stephen Sullivan, a spokesman for the Ocean City Police Department, didn’t know the extent of the boy’s injuries but said his mother told police he was in stable condition.The boy was in the crosswalk at the intersection of 18th Street and Bay Avenue when he was hit by a car shortly after 9 a.m. Friday, police said in a press release.The driver was identified as Heide Moyer-Chwal, 55, of Pipersville, Pa. Moyer-Chwal, who was not injured, was traveling westbound on 18th Street approaching Bay Avenue when the accident occurred.The crash remains under investigation by the police department’s Traffic Safety Unit.Meanwhile, a 15-year-old girl from Pittsburgh was struck by a vehicle while riding her bike through the intersection of Sixth Street and Atlantic Avenue at 8:46 a.m. Wednesday. Police said the bicyclist, whose name was not released, suffered minor leg injuries and was taken to Shore Medical Center in Somers Point for treatment.The driver was identified as Kathleen Moran, of Northfield. Moran made a turn on a green light heading northbound on Atlantic Avenue when she struck the bicyclist in a crosswalk, according to police.Moran was cited for careless driving, police said. The accident remains under investigation. The police department is located at last_img read more

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