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

To: E_K_S who wrote (38206)6/7/2010 5:10:02 PM
From: geoffrey Wren  Read Replies (1) | Respond to of 78473
 
Does SVU own both Lucky's and Albertson's?

I recall that Albertson's took over Lucky's, and around No. California it did not work well, and next thing we know Lucky's is back. Seems odd for them to do that with the same owner.

Lucky's is a better store now than it has been for awhile. Never did care for Albertson's much.

I suspect they still have the union problem. I believe at Safeway they now have the two tier union. Those with seniority continue to be overpaid (compared to non-union wages) but the newer workers are paid less.

Target has gotten serious about adding food. They have good prices, but of course they dod not carry that many items.

Hard to see who comes out ahead in all of this.

GTW



To: E_K_S who wrote (38206)6/8/2010 2:16:57 PM
From: Paul Senior  Read Replies (1) | Respond to of 78473
 
SVU. Adding a bit more today.

Stock should do okay at p/e 6-7, if company can maintain its share of business. Which may be hard given current emphasis on grocery operations by Target. Lot of grocers competing for business.


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