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Originally Posted by SDGT3
Generally speaking, margins in the supermarket chain stores are very thin, even with the cost of food skyrocketing. In the US, Walmart is the largest seller of groceries and Costco has a large chunk of sales as well. Very tough business.
I'm in 100% agreement with your assessment of restaurants and the dining experience. It seems since Covid, the costs have gone up, which is to be expected with the cost of food going up, but the quality of both the meals and service has significantly declined. We've haven't consciencely said we're not going to go to restaurants, but we've naturally found ourselves doing it simply because I can make better meals to home, regardless of price point.
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Quote:
Originally Posted by austinp
Costco has been a great stock for me over the years. Not sure if that falls in your super market chain category or not. Also Walmart sells a lot of food and a solid stock. I agree with you about restaurants. The only restaurants we seem to go to now are ethnic foods we aren’t good at making at home.
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Thanks guys. I appreciate the input. I think the Walmart play makes sense in that they are a huge distributor of all things...including grocery. And investing in their automation seems to have a LOT more upside. These systems are beyond anything I have currently seen and they are very advanced. They also can cost between 30-50 million a pop. And Walmart bought into the company. They have a huge runway. I don't see how they do not grow massively as automation becomes more and more necessary.
I will also put some into Costco.
I bought a small bit of QQQ yesterday seeing a dip and I have been slowing putting into an S&P ETF.
As I have said, I am risk averse with the money I have. But I am going to start aggressively investing new loot. Setting up a weekly withdrawal from my checking account and each week I am going to buy. I like this as a balance to how I am currently allocated.