Tractor Supply Company: Wedgewood Capital Sees No Threat From Amazon

Wedgewood Capital is bullish on Tractor Supply Company (Nasdaq: TSCO), an 80-year old rural lifestyle retail store chain in the U.S. In its 2017 Q3 investor letter (a copy of which can be download here), Wedgewood Capital discussed its investment thesis on Tractor Supply, saying that the retail market in the U.S. is a “monstrous” and TSCO established itself as a different player in comparison to Amazon and other competitors. The investor raised its position in Tractor Supply during the third quarter.

Among hedge funds tracked by Insider Monkey, 24 funds reported holding bullish positions in Tractor Supply at the end of the second quarter. Aside from Wedgewood Capital, TSCO is also a favorite stock of Permian Investment Partners and Welch Capital Partners.

Pixabay/Public Domain

Pixabay/Public Domain

Let’s take a look at what Wedgewood Capital said about Tractor Supply in its letter to investors:

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Michael Molman 2 years ago Contributor's comment

Investing in any form of retail at the moment is very risky since investors are scared to death about the entire industry. However Tractor Supply looks like a healthy company which has seen its stock suffer undeservedly as the rest of retail gets crushed. When the retail melt down finally ends, $TSCO will probably bounce back and generate huge returns.

David J. Tanner 2 years ago Member's comment

I'd agree with that assessment.