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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (35690)	10/20/2009 10:04:47 AM
From: E_K_S	Read Replies (1) of 78714

-Supervalu trims outlook, dividend; shares fall Tue Oct 20, 2009 9:06am EDT reuters.com * Q2 EPS 35 cents vs Wall Street view 33 cents * Net sales fell 7.5 percent to $9.46 bln * Lowers high end of fiscal 2010 earnings guidance * Cuts dividend payout in half ================================================================= Disappointed that the company slashed its dividend in half but understand the need to deploy the money into expanding their "Save-A-Lot chain". I remain long on the shares in both the IRA and taxable account. I did hedge some shares today in the taxable account by selling some covered calls. Dividend yields 2% down from its previous amount of 5%. EKS

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