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Warren Buffett bucks Wall Street by adding more Kroger stock to his portfolio
Kroger can be seen as both a value pick and a long-term play on the transformation of food shopping. When investors think about the supermarket industry, dynamic growth probably doesn't come to mind. But Berkshire Hathaway CEO Warren Buffett loves Kroger.One reason may be that the stock is cheaply priced relative to earnings estimates. Another is that Kroger Co. KR is ramping up online sales; digital sales increased 16% in the fiscal first quarter ended May 22 from a year earlier and more than d
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