Detroit Bear
Deep value, special situations, long-term horizon, value

Down 30% - Time To Buy Roundy's?

As long time Detroit Bear followers know, I keep a keen eye on Roundy's (NYSE:RNDY). Since my last article on the grocer, shares are down a whopping 30%. With the first repurposed store opening, I figured it was an appropriate time to readdress the flailing retailer.

Store Openings Progressing As Planned

Last week, Roundy's opened its first repurposed Dominick's to Mariano's store in the Chicago suburb of Park Ridge. The location is terrific; a highly visible 74,000 square foot store in the midst of Park Ridge, which boasts an average household income of $91,674 and is neighbored by prosperous Chicago neighborhoods like Edison Park and Norwood Park. So far, the store appears to be receiving positive reception....

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