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Shopping for dividends

Not all supermarket stocks are the same, even though many may look alike

The shorter the cash conversion cycle at supermarkets, the better because nobody wants to pay for wilted spinach, over-ripe mangoes and mouldy strawberries. It can also be a sign of a grocer's bargaining power.

I REMEMBER a time when grocery shopping was a burden. Some people might say that it still is. But it's nothing compared to when I was a child. In those days, we went to a butcher for meats, a greengrocer for fruit and vegetables, and separate trips to different specialists for bread, rice, fish...

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