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

To: alois_dallmayr who wrote (56203)	11/5/2015 8:26:08 AM
From: E_K_S	Read Replies (1) \| Respond to of 78750

My last venture into the grocery 'value' area was w/ Albertson's/Supervalue. The thing that made that investment work for me were the large % of company owned stores specifically all the low priced real estate assets they owned. I ended up swapping out my ABS shares into SVU debt that I bought for $0.70/100 w/ a 8% yield that matures 8/2016. 50% of my bonds were called early and paid off at PAR. The others get paid off next year. During that time private equity got involved and helped SVU divest of many of their company owned stores and acquire Safeway assets. The plan was to issue a new IPO for ABS which I believe is still scheduled. Therefore, there was hidden value in the ABS/SVU assets but took a few years for the patient investor to realize. WFM need to sell off significantly more for me to be interested and WMT is way too big even though Buffet seems to still like that company. EKS