a friend of mine works at the store in ashville, which is the home office.
after doing some research, i had to agree with him that it is undervalued.
pays a 4.3 % div yield, has a p/e of around 14, and a price to sales ratio
of about .25. basing my valuations in comparison to other supermarkets
this one appears very undervalued. industry average p/e is 20 and psr
.7. long and short term charts look good and stock just recently made a
new high before the slight pullback. there are about 5 million shares outstanding
and another 13 million of class b shares which pay a slightly lower yield.
short interest has been going up, over 1 million short as of october.
management owns 59 percent, thus making any short covering very explosive.
and long term, this one just looks good.
ANY THOUGHTS? |
