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New IOI Tear Sheet Published on Kroger (KR)

July 22, 2016

Every generalist investor thinks they can invest in retail. Compared to other industries, where you might have to know something about petroleum geology or how silicon wafers are processed into semiconductors, retail business models seem pretty straightforward. However, as Eddie Lampert and Bill Ackman can testify (Ackman can testify twice…), retail can be deceptively tough …

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