The Stock of the Grocery Retailer Weis Markets Benefits From a Defensive Business Model — Stock Poised for Breakout at Yearly High!

A defensive trading opportunity is currently presented by Weis Markets. The US supermarket chain, with a market capitalization of $2.17 billion, is family-owned, with the Weis family holding nearly 40% of the shares. Weis focuses its grocery stores on small towns rather than urban areas, which allows it to withstand the intense competitive pressure in the industry quite effectively. The revenue growth, averaging 6% per year over the last 5 years, is slow but fairly steady. The company opens new locations slowly but very strategically, particularly...