The Tesco share price is rising. I’d keep buying
It may sound unlikely, but Tesco (LSE: TSCO) is currently one of the top risers in the FTSE 100. Tesco’s share price has now risen by 45% from its 52-week low of 165p. But as I’ll explain, I think there’s good reason to expect further gains over the next couple of years. My Foolish colleague Kevin Godbold said recently that Tesco’s recovery was “anefficiency-driven rebound from a catastrophic earnings collapse and not a sustainable growth story”. I’m happy to admit that Tesco is unlikely to become the kind of dynamic growth business which can be found at the small-cap end of the market. But that doesn’t mean growth is unlikely.