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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (35732)10/20/2009 10:59:35 AM
From: E_K_S  Read Replies (1) | Respond to of 78715
 
RE:SVU

Are you going to redeploy the funds back into the food & grocery sector? Will you close out the entire position?

The only other positive I see in the company (SVU), is this is the first quarter with the new CEO. Previously he was with WalMart and had expertise in marketing. This was what SVU lacked and I like the idea of change at the top.

My strategy will be to continue to hold the position but sell some March covered calls to generate the income which the dividend provided. This should be enough time to see which direction the new CEO takes the company and if he can extract the value for the shareholders.

Based on the performance of other food retailers, SWY or WMT might be good alternative holds.

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EKS