Yeah, maybe time to re-buy SVU or consider it. Anybody with an opinion on this company/stock?
SVU: is "Acme Markets, Albertsons, Bristol Farms, bigg?s, Cub Foods, Farm Fresh, Hornbacher?s, Jewel-Osco, Lucky, Save-A-Lot, Shaw?s Supermarkets, Shop ?n Save, Shoppers Food & Pharmacy, and Star Markets banners".
Grocery business so competitive with the big three (SVU, SWY, KR). And where I live, the growth from immigrant/1st gen population boom is being addressed by small-chain but large-store Chinese, Korean, and Mexican markets. So imo, this component of USA population growth does not shop or help SVU imo.
SVU with p/e of 7 and p/sales .08 seems to discount that though with its current stock price. And it's not like SVU can rest -- lot of hedge funds in past have gone in to poor performing grocery chains as acquirer or consolidator.
I may start a buy if stock tomorrow trades again near today's lows. |
