ingles markets (imkta) | Stock Discussion Forums

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Non-Tech
ingles markets (imkta)

An SI Board Since November 1996

Posts	SubjectMarks	Bans
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Emcee: virgil vancleave	Type: Unmoderated

Introduction Compact

a friend of mine works at the store in ashville, which is the home office.
after doing some research, i had to agree with him that it is undervalued.
pays a 4.3 % div yield, has a p/e of around 14, and a price to sales ratio
of about .25. basing my valuations in comparison to other supermarkets
this one appears very undervalued. industry average p/e is 20 and psr
.7. long and short term charts look good and stock just recently made a
new high before the slight pullback. there are about 5 million shares outstanding
and another 13 million of class b shares which pay a slightly lower yield.
short interest has been going up, over 1 million short as of october.
management owns 59 percent, thus making any short covering very explosive.
and long term, this one just looks good.
ANY THOUGHTS?

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Reply	Message Preview	From	Recs	Posted
10	One positive for the company, I think, is that it appears to have the ability t	Steven Dopp	-	2/10/1998
9	Virgil, I appreciate your comments and I want to give my stock club a fair, bal	Steven Dopp	-	2/10/1998
8	i pretty much agree with your analysis on ingles, at least for the short term.	virgil vancleave	-	2/9/1998
7	Here is an analysis of IMKTA that I am working on for my stock club. Let me kn	Steven Dopp	-	2/8/1998
6	My notes on Ingles are at home, so I'm posting from my memory. As I see it	Steven Dopp	-	2/3/1998
5	Steven, Only been looking at this stock for about three weeks. I was attracted	Steve Felix	-	2/2/1998
4	A long time without a post. My stock club bought this stock last year. However	Steven Dopp	-	1/23/1998
3	Just got hammered.	Willy	-	7/28/1997
2	i am debating about buying more and averaging down as i bought at 16.5 the pric	virgil vancleave	-	11/30/1996
1	Virgil, I agree that Ingles is undervalued. This last quarter was a slight d	William E. Cole	-	11/30/1996

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