Money Investor
Long/short equity

Harris Teeter: Will An Acquisition Materialize And At What Price?

Harris Teeter Supermarkets (NYSE:HTSI) is a grocery store chain currently operating in 8 states in the eastern United States. At the end of FY2012, Harris Teeter operated over 200 stores, with over 65% of its store base found in North Carolina where the company is headquartered. The grocery business is one in a constant state of flux. Bankruptcies and buyouts are par for the course in this hyper competitive industry. Throw in the dynamic of the entrance of new competitors such as Whole Foods (NASDAQ:WFM) targeting an upscale consumer, and Wal-Mart (NYSE:WMT) rapidly expanding its grocery presence, and the market dynamic seen today is evolving as much as ever. Harris Teeter warrants additional discussion...

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