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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: StormRider who wrote (20105)6/18/1999 11:58:00 AM
From: DanZ  Read Replies (2) of 53068
 
Ahmed,

Kroger is a possibility. They recently closed on a merger with Fred Meyer, and that chain is similar to K-Mart. Safeway seems like a less likely candidate unless they want to get into the discount business. I can't imagine anybody paying $30 for K-Mart. The stock hasn't been over $28 in the past 15 years and it was only at 28 for a single month in 1992. If a merger does occur, I think it would happen between 20 and 23 and the low end of that range is most likely.

Dan
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