This Stock Has Delivered a Gain of 113% Over 3 Years -- Is It Still a Buy?
The market has hit a rough patch this year, with the S&P 500 down by about 20% in 2022. However, even when challenges arise, certain stocks do well. One such stock is Kroger (NYSE: KR), which has gained about 6% during this span. While that may sound underwhelming, consider that performance trounced the overall market.
Over the last three years, Kroger's stock has more than doubled, increasing by about 116%, almost four times the S&P 500's gain.
While it's tempting to hop on the bandwagon, you shouldn't blindly invest in a stock merely based on past success. To determine whether or not Kroger's shares still present a good opportunity, it's time to delve deeper into the company's valuation and growth prospects.
Source Fool.com
