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Strategies & Market Trends : Value Investing
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To: richardred who wrote (61120)7/26/2018 11:37:01 AM
From: E_K_S  Read Replies (2) of 78729
 
I followed the SVU buy of Albertsons and all the asset sales since then. SVU is a lot different and smaller (sold distribution center), many stores sold/swapped to private equity (ie Safeway) and then their reverse split.

Have not followed or done an analysis of current assets. This merger w/ UNFI could work out well w/ the smaller SVU footprint. It reminds me of Sprouts and on their IPO has done quite well.

Wonder how they will re-do the stores. Turn them into a Sprouts, Trader Joes or Whole Foods or all three. I think stores s/d be smaller and strategically located in high traffic area. Not sure how they plan to compete (if at all) w/ home delivery.

Doing that, they could demand a higher PE and may/could have better than average margins. It's still a very difficult business.

I did have UNFI on my watch list as BGS & DF are my two value plays in this group. UNFI at lower prices is/was too but still not in GN value territory.

EKS
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