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Stocks S / SUPERVALU, Inc. |
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URL:
http://boards.fool.com/you-may-be-right-but-here-is-why-im-hanging-on-30340262.aspx
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| Subject: Re: Holy Smoke!!! | Date: 10/25/2012 11:47 AM | |
| Author: seldom958 | Number: 132 of 151 | |
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You may be right, but here is why I'm hanging on; Latest from my guru on Oct 19; "We stated in our July 12 review that the company had retained Goldman Sachs and Greenhill & Co. to review strategic alternatives. Investors bid up the stock because the company stated in the latest report that it “has received a number of indications of interest and is in active dialogue with several parties.” It also reiterated plans to pay down debt and invest in technology, maintenance, new Save-A-Lot stores, and store remodels. The company will generate enough cash flow from operations to fund approximately $1 billion worth of debt reductions and capital expenditures. SVU is not out of the woods, yet it is making good progress. While we expect more volatility, we are maintaining our BUY rating on the stock." Besides, it's costing me only about $1.15/day to hang on and I believe it will be over in a few days or weeks. |
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