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

To: Paul Senior who wrote (39738)	10/19/2010 11:24:36 AM
From: hoyasaxa	Read Replies (2) \| Respond to of 78742

I increased 50% at $10.80, playing the catch a falling knife game. Stop at $9.99 for 85% of position. Q1/2 takeover target?

To: Paul Senior who wrote (39738)	10/19/2010 7:45:07 PM
From: E_K_S	Read Replies (2) \| Respond to of 78742

Oct. 19, 2010, 5:03 p.m. EDT Supervalu struggles with turnaround plan Supermarket chain cuts fiscal 2011 forecast; shares sink marketwatch.com Supervalu Inc. shares sank 15% Tuesday after the U.S. supermarket chain cut its earnings and sales forecasts, bogged down by the slow progress of a transformation plan aimed at shoring up slumping sales. --------------------------------------------------------------------- What's the purpose of the non-cash charges for goodwill and impairment of intangible assets, valued at almost $7.00/share? Is the new CEO cleaning house, throwing out the baby with the bath water and setting up the company to go private? If you eliminate the one time charges they earned $0.28/share ($58 million). Sales fell 8% and net profit was off 20% year over year. Part of that was due to the labor strike last quarter at their high end (high margin) Shaws stores (now resolved). I think the new CEO is setting the next quarterly target(s) at the low end. I will be looking for a final wash out, perhaps a new low in the $9.00 range and will load up the truck again. I have about a 60% position with my average cost around $12.00/share. EKS