AXFOF - Axfood: The Growth Continues But Its Valuation Is Near-Uninvestable

Looking back at my Axfood (OTCPK:AXFOF) investment, it's by far my best-performing consumer staples stock in terms of absolute returns since the date of the initial investment. Since that time, however, the stock has grown to valuations that can't really be defended by anyone, except players in this altogether overvalued market where "safe" investments for a good yield are extremely rare.

In this article, we'll take a look at Axfood's current excessive valuation and what sort of characteristics this company currently has - as well as the effects of their current investment initiatives