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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (23790)	7/28/2006 3:26:39 PM
From: E_K_S	Read Replies (1) of 78748

Added to my starter position in SVU (Supervalu Inc,). They reported earnings which disappointed and lowered their 2007 earnings estimate from $2.60 to $2.20. Several analysts were positive on the stock after their acquisition of ABS. SVU was able to cherry pick the best and most profitable stores and ended up with some excellent real estate assets. They should be able to generate stable earnings from these new properties that in time will demand a higher market PE. Stock is being sold off on this news and is trading at a PE of 12 based on their reduced forecast. SVU also adds a defensive issue to the portfolio which should benefit from a minor slow down in the economy. EKS

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