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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (45084)1/11/2012 10:19:52 AM
From: E_K_S  Read Replies (2) of 78671
 
SUPERVALU Inc. (SVU)

Supervalu loss widens, shares skidSupervaul 3rd quarter loss widens on restructuring costs, cautious consumer

finance.yahoo.com

From the article:"...the company lowered its yearly sales guidance to $36.1 billion from prior guidance of $36.5 billion. Analysts expect revenue of $36.44 billion, according to Fact Set. It reaffirmed adjusted profit guidance of $1.20 to $1.30 per share. Analysts expect $1.24 per share....

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Excluding unusual costs, it earned 24 cents per share. That was a penny shy of analysts' expectations, according to a survey by FactSet...."

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Turnaround and restructuring continue. Not buying shares or selling the ones I hold. I do have a few more high priced shares I plan to sell sometime this year but will collect the dividend and watch the turnaround story. The company still has $1.25/share as their 2012 earnings target which makes the PE around 6, well in value range. Management still sees shrinking same store sales by as much as 2% before everything levels out.

EKS
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